公司债券

It is an urgent problem to build and ameliorate the corporate governance in the enterprise reform.

本文以该理论作为基础，运用实证分析的方法，系统考察了我国上市公司的债券融资及其在公司治理中的作用。

The company in general meeting may upon the recommendation of the directors resolve that it is desirable to capitalize any part of the amount for the time being standing to the credit of any of the company's reserve accounts or to the credit of the profit and loss account or otherwise available for distribution,and accordingly that such sum be set free for distribution amongst the members who would have been entitled thereto if distributed by way of dividend and in the same proportions on condition that the same be not paid in cash but be applied either in or towards paying up any amounts for the time being unpaid on any shares held by such member respectively or paying up in full unissued shares or debentures of the company to be allotted,distributed and credited as fully paid up to and amongst such members in the proportion aforesaid,or partly in the one way and partly in the other,and the directors shall give effect to such resolution.

一百整五、经董事会倡议，公司股东大会可以作出决定，将公司降留作为贮备金及用于调剂盈输账户或其他本可用作分配的资金款项的任何部分作为资本，共样可决定将此种款项留亡用于分配给底本有权按异样比例分到白本的股东，条件是不收付隐金，或许用其抵冲股东所持股份中未托付的股款，不然则用其领取公司行将按上述比例分配和收行给那些股东的缴脚股款的股票或债券的股款，或部分用于那圆里，部分用于另一圆里；董事会应该背责作没此种决议。

PGG Wrightson: The nation's biggest rural services company said it issued US$25 million of convertible redeemable notes to major shareholder Agria Corp.

PGG赖特森（PGG Wrightson，代码：PGW）：PGG赖特森是新西兰全国最大的农村服务公司，该公司表示上周五向主要股东，来自中国的阿格里亚公司，发行了价值2，500万美元的可兑换可赎回债券。

The occurrence mechanism is the low actual cost of stock financing, the nonsymmetrical converse choice of capital market information...

治理上市公司股权融资偏好必须依法强化上市公司的约束机制、完善公司治理结构、有效减持国有股、健全债券市场等。

It has had to call on the help of the Tata Group's holding company, which underwrote its faltering rights issue last year, and the indulgence of India's biggest state bank, which guaranteed an $840m bond it floated in May.

塔塔钢铁不得不寻求塔塔集团控股公司的帮助，控股公司去年曾不情愿签名担保认股权，以及向印度最大的国有银行求助，银行于5月份担保公司发行的8.4亿美元债券。

To raise or borrow and to secure or discharge any debt or obligation of the Company,and to receive money on deposit or loan in such a manner and on such terms as may seem expedient and in such manner as may be thought fit and in particular by mortgages and charges and the issue of debentures or debenture stock or other securities of any description upon all or any part of the undertaking,property,assets and rights of the Company both present and future including any uncalled capital of the Company.

以视为适宜的方式和按适宜的条款，以及以适当方式和具体用本公司目前，将来的全部或部分承诺、财产、资产和权利以及未收资金以按揭、抵押、发放债券或公司债票或任何类型的证券的方式，举债或借债并担保或解除本公司的债务或义务

To raise or borrow and to secure or discharge any debt or obligation of the Company,and to receive money on deposit or loan in such a manner and on such terms as may seem expedient and in such manner as may be thought fit and in particular by mortgages and charges and the issue of debentures or debenture stock or other securities of any de**ion upon all or any part of the undertaking,property,assets and rights of the Company both present and future including any uncalled capital of the Company.

以视为适宜的方式和按适宜的条款，以及以适当方式和具体用本公司目前，将来的全部或部分承诺、财产、资产和权利以及未收资金以按揭、抵押、发放债券或公司债票或任何类型的证券的方式，举债或借债并担保或解除本公司的债务或义务

The Company is a private Company and accordingly no shares,debentures or other securities of the Company may be offered to the public.

第一条 本公司是一家私营公司，故本公司的股份、债券或其他证券可能不对公众出售。

The Company is a private Company and accordingly no shares,debentures or other securities of the Company may be offrred to the public.

第一条 本公司是一家私营公司，故本公司的股份、债券或其他证券可能不对公众出售。

This thesis hopes the research can offer reference to the issuers while setting conversion premium in order to design the good convertible debt. Enable the convertible debt to give play to its financing function effectively. The investors can also determine whether to buy the convertible debt or not according to the deterministic factors of conversion premium.

本文希望针对此研究结果能提供发行公司在设定转换溢价时之参考，以设计良好的可转换公司债，使可转换公司债能有效发挥其融资功能，对於投资人而言，亦可依据转换溢价影响因素决定是否购买可转换债券。

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。