长期借入资金的条件、风险和优点的分析比较

借入资金的主要方式有发行可转换公司债券、发行企业债券和银行贷款.发行可转换公司债券若能全部转换为股份,可以募集回大额无需偿还本金的资金,但是风险最大.发行企业债券融资成本最低,到期必须集中支付大额本金,会给公司造成非常大的资金压力.银行贷款融资成本比企业债券高,但是,可以随用随贷,减少利息支出;如果到期无法偿还贷款本金,可以申请展期.

Analysis the condition, risk, and advantages of long - term borrowed money

Capital from outside sources mainly includes issusing transferable bonds, issuing right of credit and bank loan. If the transferable bonds can be changed in stock, it can collect a large amount of capital which needn't return. But the risk is too high. The cost of issuing enterprise bonds is the lowest. It can cause high pressure that a large amount of capital must be paid on time. The cost of bank loan is much higher than that of enterprise bonds. But you can get loan when you need with low interest. If the credit can't be returned on time, it can apply for postponing.