What kind of company has the main qualification to issue bonds

A limited liability company established by two or more state-owned enterprises.

A limited liability company established by two or more state-owned investment themes.

Among the four types of entities that can issue corporate bonds, it is a common rule that shares can issue corporate bonds, while a limited liability company, as the issuing entity, is required to be larger, have a reliable reputation, and support its normal development Question: Specifically, figuratively how much is the registered capital, : the conditions for the issuance of corporate bonds.

According to the provisions of Article 16 of the ** Law, the issuance of corporate bonds must meet the following conditions:

1) The net assets of the shares **** shall not be less than RMB 30 million, and the net assets of the limited liability company shall not be less than RMB 60 million;

2) The accumulated bond balance does not exceed 40% of the company's net assets;

3) The average distributable profit in the last 3 years is sufficient to pay the interest on the corporate bonds for l years;

4) The investment of the raised funds is in line with the national industrial policy; (5) The interest rate of the bond does not exceed the interest rate level set by ***;

**Article 16 of the law on the public issuance of corporate bonds shall meet the following conditions:

1) The net assets of the shares shall not be less than RMB 30 million, and the net assets of the limited liability company shall not be less than RMB 60 million;

2) The accumulated bond balance does not exceed 40% of the company's net assets;

3) The average distributable profit in the last three years is sufficient to pay the interest on the corporate bonds for one year;

4) The investment of the raised funds is in line with the national industrial policy;

5) The interest rate of the bond does not exceed the interest rate level set by ***;

6) Other conditions specified in ***.

The funds raised by the public issuance of corporate bonds must be used for the approved purposes and shall not be used to cover losses and unproductive expenditures.

In addition to meeting the conditions specified in the first paragraph, the issuance of corporate bonds by listed companies that can be converted into ** shall also meet the conditions of this Law on public issuance, and shall be submitted to the ***** regulatory authority for approval.

What are the conditions for the issuance of corporate bonds.

Article 7 of the Pilot Measures for the Issuance of Corporate Bonds (Decree No. 49 of the China Securities Regulatory Commission): The issuance of corporate bonds shall comply with the following provisions:

1. The company's production and operation comply with the provisions of laws, administrative regulations and the articles of association of the company, and conform to the national industrial policy;

2. The company's internal control system is sound, and there are no major defects in the integrity, rationality and effectiveness of the internal control system;

3. Rated by credit rating agencies, the bond has a good credit rating;

4. The audited net assets of the company at the end of the most recent period shall comply with laws, administrative regulations and the relevant provisions of the China Securities Regulatory Commission;

5. The average annual distributable profit realized in the last three fiscal years shall not be less than the interest of the corporate bonds for one year;

6. The cumulative balance of corporate bonds after the issuance shall not exceed 40% of the net assets at the end of the latest period; The cumulative balance of corporate bonds of financial companies shall be calculated in accordance with the relevant regulations of financial enterprises.

1. The net assets of the shares shall not be less than RMB 30 million of the silver chain, and the net assets of the limited liability company shall not be less than RMB 60 million.

2. The total amount of accumulated bonds shall not exceed 40% of the net assets.

3. The company's average distributable profit for 3 years is enough to pay the interest on corporate bonds for 1 year.

4. The investment of raised funds is in line with the national industrial policy.

5. The interest rate of bonds shall not exceed the interest rate level set by ***.

1. How much RMB can be issued convertible bonds?

The net assets of the shares **** shall not be less than RMB 30 million, and the net assets of the limited liability company shall not be less than RMB 60 million and convertible bonds can be issued. The specific conditions for the issuance of convertible bonds are as follows: 1. The weighted average return on equity in the last three fiscal years shall not be less than 6% on average.

The lower of the net profit after deducting non-recurring gains and losses compared with the net profit before deduction is used as the basis for calculating the weighted average return on equity. 2. The cumulative balance of corporate bonds after this issuance shall not exceed 40% of the net assets at the end of the latest period. 3. The average annual distributable profit realized in the last three fiscal years shall not be less than the interest of the corporate bonds for one year.

2. Procedures for the issuance of corporate bonds.

The main procedures for the issuance of corporate bonds are:

1.To make a resolution or decision. Shares ****, limited liability companies issue corporate bonds, the board of directors formulates a plan, and the shareholders' meeting makes a resolution; The issuance of corporate bonds by a wholly state-owned company shall be decided by an institution authorized by the state for investment or by a department authorized by the state.

2.Apply for issuance. After the resolution or decision is made, the required application documents must be submitted to the authorized department in accordance with the conditions stipulated in the Company Law.

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

4.Announcement of fundraising methods. After the application for the issuance of corporate bonds is approved, the bond raising measures shall be announced; Relevant matters shall be clearly stated in the fundraising measures.

5.Matters specified in the corporate bonds. When a company issues corporate bonds, it must state the name of the company, the par amount of the bonds, the interest rate, the repayment period and other matters on the bonds, and sign by the chairman of the board of directors and seal the company.

6.Corporate bond stub book. When a company issues corporate bonds, it shall prepare a corporate bond stub book.

Article 153 of the Company Law, the concept and issuance conditions of corporate bonds, the term "corporate bonds" in this law refers to the valuable bonds issued by the company in accordance with legal procedures and agreed to repay the principal and interest within a certain period of time. The issuance of corporate bonds by the company shall comply with the issuance conditions stipulated in the ** Law of the People's Republic of China.