Government special bonds are bonds issued by the state to support economic development and improve people's livelihood, which are mainly used to promote major projects and people's livelihood projects. The application process of special government debt mainly includes the following stages: 1. Project establishment: the debtor proposes corresponding projects according to the needs, formulates the implementation plan, and obtains the approval of the financial department after approval. 2. Audit: The debtor submits relevant materials as required, and after the materials are approved by experts, the financial department will conduct final audit and approval. 3. Bond issuance: According to the approved debt scale and the arranged bond issuance plan, bonds are issued through bidding or agreement. The issuance of special government bonds is mainly divided into general bonds and special bonds, in which general bonds are used for infrastructure construction and people's livelihood security projects, and special bonds are used for key projects or people's livelihood security fields. Issuing special treasury bonds is conducive to supporting major national projects and people's livelihood construction, promoting economic development and improving people's livelihood.
How to evaluate the credit risk of government special bonds? The credit risk of government special bonds mainly comes from the debtor's repayment ability and the realization of project income. Therefore, when evaluating the credit risk of government special bonds, we need to consider the debtor's financial situation, management ability, capital adequacy ratio and other factors, as well as the market prospect, cash flow, technical feasibility and policy environment of the project. The evaluation results are usually presented in the form of credit rating. The higher the rating, the stronger the solvency of bonds and the smaller the investment risk.
Government special bonds are important financing tools, which promote the rapid development of China's economy and society by providing financial support for major national projects and people's livelihood security. When applying for special treasury bonds, we should strictly follow the prescribed procedures to ensure the smooth application process. At the same time, when investing in government special bonds, we should give full consideration to factors such as credit risk and market fluctuation, and carry out reasonable risk control.
Legal basis:
Interim Measures for the Administration of Issuing Special Bonds by Local Governments Article 3 Special bonds shall bear interest at a fixed interest rate by book entry.