摘要
德国债券持有人会议最初的功能是服务于发行人在陷入危机时进行的债券重组。伴随后续市场不断发展,该制度目前已发展成为存续期公司债券进行重组的常规途径之一,为提升德国债券市场吸引力发挥了积极的作用。本文对德国债券持有人会议制度的规则体系、决议权限、决议机制和召开程序等事项进行了系统研究,并总结其对我国完善债券持有人会议等制度的若干有益启示。
The original function of the German bondholders meeting was to serve as a vehicle for bond restructuring in times of crisis. With the continuous development of the market, the mechanism has now developed into one of the conventional ways to restructure corporate bonds, playing a positive role in increasing the attractiveness of the German bond market. This paper systematically examines the rules system, resolution authority, resolution mechanism and convening procedures of the German bondholders meeting system. It also summarizes some useful methods for improving the bondholder meeting mechanism in China.
出处
《金融市场研究》
2019年第11期65-77,共13页
Financial Market Research
关键词
债券重组
债券持有人会议
德国经验
Bond Restructuring
Bondholder Meeting
German Experience
