Par value: refers to the original issue of a bond at full price.
票面价值：债券按面价发行的价值。
If the offering price is too low, then not only it is difficult to satisfy the issue firm' s capital demand, but also it maybe injure the original shareholders' profits.
若发行价过低，则发行公司的筹资需求难以满足，甚至还会损害原有股东的利益；
If the offering price is too low, then not only it is difficult to satisfy the issue firm' s capital demand, but also it maybe injure the original shareholders' profits.
若发行价过低，则发行公司的筹资需求难以满足，甚至还会损害原有股东的利益；
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