摘要
中小企业私募债券作为一种新出现的融资工具,因其速度较快、融资成本较低等特点,为资本市场所青睐。但随着发行完成与起息期开始,该项工具在我国的运用也出现了一些值得思考的问题。美国、韩国在处理国内私募债券中,对于监管政策、信息披露政策、定价评级等方面的经验,值得我国在未来的监管改革中予以借鉴。
Private SME bond is efficient and low-cost financing tool, and it is welcomed in capital market. However, the application of this tool also has some problems in China. The experiences of US and Korea in supervision policy, information disclose policy and price and rating, are useful reference to supervision reform of China.
出处
《金融发展研究》
2012年第11期71-75,共5页
Journal Of Financial Development Research
关键词
私募债券
中小企业
监管
债券发行
private offering, SMEs, supervision, bond issuance
