Abstract:Public and private offerings are the two ways for the issuance of U.S. corporate bonds. Public offering implements registration system and the information disclosure system is the core of the public offering and trading system. The private offering includes general private placement and 144A private placement. In this paper, we compare the public offering system with private placement system of the U.S. corporate bonds, and sum up the successful experience of the U.S. corporate bond market: flexible bond issuance system, adequate disclosure of information, Perfect creditor protection mechanism and harsh punishment for the illegal act of senior manager of bond issuing company.
曹萍. 美国公司债券发行制度分析[J]. , 2013, (4): 89-97.
CAO Ping. An Analysis on the Public Offering and Private Placement System of the U.S. Corporate Bonds. , 2013, (4): 89-97.
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