Influential Factors Of Debt Interest Rates Based On Ordered Probit Model Research

City construction is issued by the local government financing platform, to local public welfare and public welfare projects construction bonds to raise money. Debt in the process of development of city in addition to play its positive role, have appeared in the city the problem of debt interest rates continue to rise. City construction interest rates rise,showing two big risks: one is the financing financing costs, it is to show that urban construction investment bonds market demand is reduced, further, is the market of city construction returns no longer, has implied debt itself and there is a huge risk investment project.First of all, this paper combed summarizing the existing research both at home and abroad, then analysis the relevant theories about interest rate. Then this paper summarizes the debt and related concepts. According to the classification of the theory and the study on the actual situation, this paper established from macro to micro aspects debt interest rates influence factors of regression model, and then according to the established regression model of city for the empirical analysis to the influence factors of debt interest rates. Next, this paper throw the influence factors of debt interest rates on city model more in-depth analysis of the results, and puts forward the corresponding policy Suggestions. Finally, pointed out the paper analysis the deficiency, and more in-depth analysis of the future is prospected.Through the above process, in this paper, the results are as follows: urban construction investment bonds issuance subject local fiscal revenue, residents’ consumption level, credit level and city level and urban construction investment bonds interest rates negative correlation. The issue of unemployment and urban construction investment bonds interest rate is positive correlation, fiscal revenue/GDP, money supply and issuance rates are negatively correlated, but not significant. Urban construction investment company should according to own actual situation, comprehensive analysis of this paper found that several significant factors affecting urban construction investment bonds issuing interest rates. If you can consider the correlation of these factors and the bond coupon rate and make the appropriate quantitative analysis, can for the issue of urban construction investment bonds interest rates to make appropriate adjustments,make the bonds issue in order to achieve the purpose of profit maximization, also can reduce the financing cost accordingly.