债务融资协议承诺事项研究

A Study on bond covenants

债务融资协议承诺事项是成熟债券市场普遍采用的一项合约技术。投融资双方通过约定不同的债务融资协议承诺事项及其违约责任，实现债券投资人风险管理防线前移，以满足债券投资人不同的资产配置和风险管理需要。文章介绍了债务融资协议承诺事项形成的理论基础、主要类型及事项要求，探讨了银行间债务融资工具市场引入债务融资协议承诺事项的积极意义。

Bond covenant is commonly used in the mature bond market. Various bond covenants and default liabilities agreed by the bond issuer and the holders enable the bond holders to control and manage risks in advance and satisfy the holders＇ different demands for asset allocation and risk management. This article introduces the theory of bond covenant form, major types and item requirements and explores the positive significance of introducing bond covenants into the interbank debt financing market.