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国家发改委6月19日发文“对发改办财金[2015]1327号文件的补充说明”(下称补充说明)进一步松绑企业债发行,并允许借新还旧,体现出存量防风险、增量稳增长的意图。点评:补充说明对于发债企业数量指标有进一步的突破:主体信用等级为AA的发债主体,以自身合法拥有的资产进行抵质押或由担保公司提供第三方担保的债券,或项目自身收益确定且回报期较短的债券,亦不受发债企业数量指标的限制。按照国办发[2015]42号文件已实现市场化运
National Development and Reform Commission issued a document on June 19, “Financial Reform [2003] No. 1327 document supplement” (hereinafter referred to as the supplementary) to further loosen the issuance of corporate bonds, and allow the new old, reflecting the stock risk prevention , Incremental steady growth of the intention. Comments: Supplementary note for the number of bond issuers have further breakthroughs: the main credit rating for the AA issuer, with its own lawful possession of assets collateral pledged by the security company to provide third-party bonds or bonds to determine the proceeds of their own Bonds with short payback period are also not subject to the quantitative indicators of issuers. In accordance with the State-owned [2015] No. 42 document has been market-oriented operation