Analysis SME Private Placement Bond

At present,China's economic growth fell into the stage,the SME financing problems become more prominent.But with the development of capital markets,innovative financing instruments gradually explored.Contrast American and European countries,a similar lack of financing high-yield bonds.Therefore,actual case studies to regional private equity market debt financing channels for enterprises to develop innovation of some help.In this paper,before the sea equity trading center listed companies in Shenzhen L Indus private debt issued by the Company as an example,based on the static trade-off theory,pecking order theory and the growth of corporate finance theory,regional equity market private debt financing.Firstly,the issuing company's financing environment,comparative analysis of the selected area to discuss their private equity market debt deeper motivation.Secondly,to study the cost of financing through the analysis of the guarantee fee and the coupon rate of its private debt issuance constituted.And also its release notes describe the financing process;and finally,the issue of its private debt-based business can bring additional funding to optimize the financial institution,abundant capital operation analysis of regional channels private equity market for corporate debt financing results.And also for the actual situation of financing proposed financing risks that may exist.Through analysis,we find that the regional equity market for SMEs to take private debt financing,financing higher availability,lower financing costs,funding requirements for the characteristics of SMEs.Using private debt financing process,due to the characteristics of the market and limit the SMEs themselves,but there are some risks release.