The Research Of The Private Placement Of Debt Financing Instruments Issuance

Interest rate liberalization in China, public money into relatively higheryields than bank deposits such as money funds, wealth management and trustof fixed-income products, banks loan-deposit spreads cutting into bankmargins. In the context of financial disintermediation, proportion ofenterprises ’ direct financing promotion, the private placement of debtfinancing instruments (PPN) became an important source of profit forcommercial banks.This thesis qualitative analysis the private placement of debt financinginstruments issuance rules. Quantitative analysis the issuance data.Subjects include circulation, ratings, property of the company, the issuer,class level of the issuer, underwriters, terms, issuer asset-liability ratiochange, issuing interest rate spreads and spreads on medium-term notes,issued and loan rates. Summarize closed introduction issuance of a variety offactors to guide PPN business.