债券发行

It may be issued at a discount, or it may be stripped of its coupons by a bank and then repackaged as a zero coupon bond.

这类债券可以在发行时加入折扣，或由一家银行除去息票，然后包装成为零息票债券发行

Data show that the first half of A-share listed company IPO financing amounted to 90.602 billion yuan, up 33 percent reduction; and the same period of corporate bonds and corporate debt issuance size and funding has increased the size of listed companies bond financing the first time, more than the stock market IPO financing lines have been issued during the 30 corporate bonds and 13 corporate bonds to raise funds a total of 92.95 billion yuan.

数据显示，A股上市公司上半年的IPO融资总额为906.02亿元，同比减少百分之三十三，以及公司债券同期发行公司债券的规模和资金，增加了上市公司融资债券的规模首次超过股市IPO融资线已在30和13个公司债券发行公司债券筹集资金的总额929.5亿元。

Two levels of government focus on urban areas through the coordination of the guarantor, bonds, sinking fund for SMEs to address the issue of bonds, while small and medium enterprises in accordance with the characteristics of the high cost of issuing bonds due in part to subsidize the costs associated with in order to reduce the cost of bond issuance integrated.

两级政府的重点放在城市地区通过担保人，债券协调，偿债基金，为中小企业解决债券的问题，而按照中小企业与发行债券部分由于成本高的特点补贴相关的成本，以降低债券发行成本的综合。

Following the above market positioning, principles of developing the corporate bond market in China will be suggested in relation to market-oriented principles, rule of law, industrial regulations, adaptative innovations within China situations and International standards, market advancement and sustainability, coordination between economic policy and macro-economic development, etc.

按照上述总体设想和政策定位，本文通过对中国公司债券市场历史沿革、发展状况以及存在问题进行实证分析，提出了中国发展公司债券市场的基本原则：市场化原则、法治化原则、规范化原则、立足国情与国际惯例逐步接轨相结合原则、适应性创新原则、循序渐进与可持续发展原则、贯彻经济政策与宏观经济协调发展原则；分别构筑了建立和完善多层次的公司债券发行市场和流通市场的体系架构；为解决当前中国公司债券发行市场存在的8大问题，提出了10项具体对策措施；针对当前中国公司债券流通市场发展缓慢的现实，提出了建立和完善中国公司债券流通市场的具体模式和实施步骤。

The public offering of corporationbond includes these steps: resolution about offering corporation bond by shareholdermeeting, making distribution contract and trust deed, applica tion, bulletining theprospectus, subscribing and handing in money, delivering bond.

发行债券作为公司融资的一种途径，相比较发行新股、与银行借贷，发行债券融资具有更高的效率。公司债券发行中，一方是强大的法人集团，另一方是分散的中小投资者。

Firstly, pay attention to coordination with economic development, we should control the issue scale of government debt, strengthen the management of the usage of it, and make good use of the structure adjustment function; grant the bond issue qualification to local government, increase the projects bond issue; increase the treasury bill issue, and satisfy the demand of liquidity management of commercial banks and regulation of central bank.

第一，注意保持与经济发展的协调性，适当控制国债发行规模，加强对国债使用投向的管理，充分发挥其结构调整的作用；给予地方政府债券发行资格，加大项目债券的发行量：增加政府短期债券发行量，满足商业银行流动性管理及中央银行宏观调控的需要。

ChapterⅡ gives a comprensive description of the issuing procedures of Eurobonds,anddiscusses the basic legal framework of the marketing and distribution of Eurobonds.

第二章对欧洲债券发行的基本程序进行全面的描述，主要探讨了欧洲债券发行营销和分配的基本法律框架。

On the supply side, corporate bond issuance will be stable or lower, even as government debt surges (government bonds will account for 35 per cent of the widely tracked Barclays bond index by the end of next year, up from 25 per cent now).

在供应层面，即便政府债券发行激增，但公司债券的发行将保持稳定或减少（到明年底，受到广泛追踪的巴克莱债券指数中，政府债券的比重将从现在的25%提高到35%）。

There is both current and potential supply and need of corporate bond, thus corporate bond can serve as a good tool in allocation of fund; through the issuance, circulation and trading of corporate bond, the true information on the operation of the corporation can be released to the market; and, corporate bond market can also serve as a complimentary part of China's financial which is currently dominated by Banks.

从我们目前金融市场的供需情况首先可以看出企业债券的发行存在着现实和潜在的供给与需求，能够作为资金利用的另一途径；其次通过规范化的企业债券发行、流通与交易，能够促进金融市场的信息披露；第三，分析了企业债券对于我国目前以银行贷款为主导的金融体系的补充和完善作用。

When the name of the owner is registered with the issuing corporation, the bond is a registered bond. Payment of interest is made by semiannual checks mailed to the registered owners.

如果债券持有人在债券发行公司注册的话，这种债券就称为记名债券，公司将每年向持券人寄发支票支付利息。

The split between the two groups can hardly be papered over.

这两个团体间的分歧难以掩饰。

This approach not only encourages a greater number of responses, but minimizes the likelihood of stale groupthink.

这种做法不仅鼓励了更多的反应，而且减少跟风的可能性。