What is the process of issuing local bonds, and what is the process of issuing bonds?

First of all, the local government formulates a general plan before issuing bonds, which involves all aspects of bond issuance. Second, select the best credit rating agencies to rate local bonds. Third, timely disclosure of basic information on bonds, financial and economic operations, and debt conditions.

Then, formulate local bond issuance and redemption methods and bidding issuance and assessment rules to select underwriting syndicate members and complete the bond issuance work.

The Ministry of Finance issues a quota for local government bonds.

The local government formulates a general plan before issuing bonds, involving all aspects of bond issuance.

Select the best credit rating agencies to credit the local bonds.

Timely disclosure of basic information on bonds, financial and economic operations, and debt conditions.

**Formulate local bond issuance and redemption methods and bidding issuance and assessment rules to select underwriting syndicate members and complete bond issuance.

Allowing local governments to issue bonds has solved the problem of tight local finances to a considerable extent. According to the development plan adopted by the local people's congress, the local government can raise funds more flexibly to solve the problems existing in development. More importantly, the local government has the ability to raise funds and develop independently.

Their functions are on the side of gravity and overlapping, but they all play a pivotal role in the operation of China's economy, and the dispatched agencies of each province and city supervise the executive functions of their subordinates.

The issuance of corporate bonds in the second half of the year is the highlight! **Not good, the financing function is lost, and the issuance of corporate bonds and financing bonds has become a helpless choice for state-owned enterprises!

The above-mentioned three departments assess and approve the number of corporate bonds issued, the guarantor, the credit repayment ability level, the speed of expansion, and the impact on the bond market.

1.Bond issuance process: First of all, the bank should follow the bond issuance approval branch and the bond issuance management system of hierarchical approval.

Conduct bond issuance approvals. Sign the contract and repent. The bank signs a bond issuance contract with the borrower.

Bond issuance. Banks shall issue bonds on time in accordance with the provisions of the bond issuance contract. Post-issuance inspection.

The bank shall follow-up, investigate and inspect the borrower's execution of the bond issuance contract and the borrower's operation. Debt issuance and repayment. When the bond issuance matures, the borrower shall repay the principal and interest of the bond in full according to the time of Biduanxiao.

If the issuance of bonds is postponed, the borrower shall submit the issuance of bonds to the bank before the maturity date of the bond issuance, and the bank shall decide whether to extend the application period.

2.Working capital.

Bond issuance refers to CCB's production and operation for borrowers.

and the issuance of bonds with credit funds. Article 3 When issuing working capital bonds, China Construction Bank shall adhere to the principles of efficiency, safety and liquidity, and issue bonds independently in accordance with relevant state laws and regulations. No unit or individual may compel China Construction Bank to issue working capital bonds.

China Construction Bank has the right to refuse any entity or individual's request for compulsory issuance of working capital bonds. Article 4 These measures are applicable to the RMB working capital bond issuance business of China Construction Bank. Objects, Conditions, and Objectives of Bond Issuance Article 5 The objects of bond issuance by operating capital are state-owned enterprise (institution) legal persons, other enterprise (institution) legal persons, individual partnership enterprises, individual business families, or natural persons with the capacity of the People's Republic of China for nationality approved and registered by the state industrial and commercial administrative organs (or competent departments) (hereinafter referred to as borrowers).

Extended Materials. 1.Apply for working capital from China Construction Bank.

When issuing bonds, the borrower should also meet the following conditions: the production and operation activities of the enterprise shall comply with the national industrial policy and bank credit policy; Opened a basic deposit account with China Construction Bank.

or general deposit account, through China Construction Bank to settle all or part of the production and operation funds; The borrower has a good reputation and is able to repay the principal and interest of the bond on time; A borrower shall not apply to two or more branches of China Construction Bank within the same jurisdiction for the issuance of bonds. The issuance of working capital bonds is mainly used for the production and operation expenses of consumption and sales, such as various inventories and seasonal material reserves during the borrower's production and operation period. Article 9 The issuance of bonds with working capital shall not be used for:

Fixed capital is a real investment.

equity investment; Real estate speculation; borrowing and lending of illegal income; Other activities that are not in line with the purpose of issuing bonds with working capital.

The general bonds and special bonds publicly issued by the local government can be issued within the scope of the region through the counter market of commercial banks (the bonds of the cities with separate planning are within the scope of the province), and the maximum issuance amount, issuance method and distribution period arrangement of the counter shall be specified in the issuance notice. Local governments should focus on issuing special projects through the counter market of commercial banks.

In accordance with the principle of active, prudent and step-by-step progress, the provincial-level finance departments will implement the over-the-counter market issuance of local bonds by commercial banks in batches. The Ministry of Finance has strengthened policy guidance by taking into account market demand, the maturity of bonds, bond varieties, project income, and issuance rhythm.

For local bonds issued through the over-the-counter market of commercial banks, the issuance interest rate (or**) shall be determined according to the interest rate of the first public offering (or**), and the issuance quota shall be determined by quantity bidding for the over-the-counter business start-ups.

For local bonds issued through the over-the-counter market of commercial banks, the distribution period is generally 3 working days from the day after the tender date. Unsold issuance after the end of distribution.

According to the latest data released by the Ministry of Finance on May 9, 286.8 billion yuan of local government bonds were issued nationwide in April, including 120.2 billion yuan of new bonds and 166.6 billion yuan of refinancing bonds. Next, Jintou will introduce the local bond issuance process.

The local debt issuance process is roughly as follows:

1. Before issuing local debts, local governments must jointly customize the issuance plan between various departments.

2. Choose an excellent credit rating agency, start to credit rating local bonds, and evaluate whether the bonds meet the credit requirements.

3. Disclose the basic information, financial and economic operation and debt status of the bonds.

4. Formulate local bond issuance and exchange methods and bidding issuance and review rules, and select them at the same time.

1.Shen Jingyan asked for a special debt quota. When the local finance bureau applies to the finance department at the next higher level, the finance department at the next higher level applies to the Ministry of Finance, and the Ministry of Finance approves and then allocates the quota from top to bottom.

2.Hire an intermediary. The intermediaries mainly include accounting firms and law firms, which are responsible for the balance of project income and financing funds, financial evaluation reports and legal opinions, respectively.

Bulletin 3Declaration of issuance materials. After preparing the issuance materials, the local finance bureau will submit it to the finance department at the next higher level to declare it to Jingyun Mingxing, and after the finance department approves it, it will be handed over to the ** exchange for issuance.

Finally, after we have passed the above introduction of what the local special bond issuance process is, I believe that you will have a certain understanding of what the local special bond issuance process is, and I hope it can be helpful to you.

1. To make a resolution or decide to issue bonds with limited or limited liability, the board of directors shall formulate a plan and the shareholders' meeting shall make a resolution; The issuance of bonds by wholly state-owned enterprises shall be decided by an institution authorized by the state to invest or a department authorized by the state.

2. After the resolution or decision on the issuance of bonds is made, the application documents must be submitted to the authorized department in accordance with the conditions stipulated in the law, and the application documents submitted must be true, accurate and complete. The application documents submitted to the authorized department include: registration certificate, charter.

Bond raising methods, asset appraisal reports and capital verification reports.

3. The department authorized to approve the issuance of bonds shall be responsible for approving the issuance of bonds in accordance with the statutory conditions, and the department shall make a decision within three months from the date of acceptance of the application documents for the issuance of bonds; where approval is not granted, an explanation shall be made.

4. After the application for issuance of bonds is approved, the measures for raising bonds shall be announced; The following matters shall be indicated in the fundraising measures:

1) Name; 2) the total amount of the bonds and the par amount of the bonds;

3) the interest rate of the bond;

4) the term and method of repayment of principal and interest;

5) the start and end dates of the bond issuance;

6) Net assets;

7) the total amount of bonds issued and not yet mature;

8) Underwriting agency of bonds.

5. Matters specified in the bondsThe issuance of bonds must indicate the name, par amount, interest rate, repayment period and other matters on the bonds, and be signed and sealed by the chairman of the board.

6. Bond stub book: Bond stub book shall be prepared for the issuance of bonds. In the case of the issuance of registered bonds, the following matters shall be indicated in the bond stub book:

1) The name and address of the bondholder;

2) the date on which the bondholder acquired the bond and the number of the debt;

3) The total amount of the bonds, the par amount of the bonds, the interest rate of the bonds, and the term and method of repayment of the principal and interest of the bonds;

4) The date of issuance of the bond.

7. Correction of misconduct in the issuance*** The authorized department shall revoke the decision to approve the issuance of bonds that has been made and found to be inconsistent with the provisions of laws and administrative regulations; refers to the fact that the repentant jujube has not yet been issued, and the issuance shall be stopped; If the bonds have already been issued, the issued bonds shall be refunded to the subscriber and the interest on bank deposits for the same period shall be added.

Article 161 of the Company Law stipulates that a listed company may, by resolution of the general meeting of shareholders, issue corporate bonds that can be converted into **, and stipulate specific conversion methods in the measures for raising corporate bonds. The issuance of corporate bonds by listed companies that can be converted into ** shall be reported to the ***** regulatory authority for approval. For the issuance of convertible corporate bonds, the words convertible corporate bonds shall be marked on the bonds, and the amount of convertible corporate bonds shall be indicated in the corporate bond stub book.