Convertible bond is a kind of bond issued by the company that can be converted into a company, and the holder can hold it until maturity to redeem, and the issuer will repay the principal and interest, or it can be converted into a corporate bond under certain conditions. Therefore, convertible bonds have the best growth potential at the same time, and also have the advantage of bonds enjoying fixed income.
For example, if a listed company A issues convertible bonds, for example, a bond with a face value of $100,000, the bond investor can hold the bonds to Company A in exchange for Company A's ** after holding them for a period of time (closed period). Convert**50 yuan. If ** rises to 60 yuan, then investors can choose to convert to**;If *** falls to 40 yuan, investors will not choose to convert, in this case, investors can also hold until maturity that will be principal and interest.
When the convertible bond is issued, the face value is 100 yuan, and the prospectus will announce the conversion price, during the convertible bond conversion period, if the company *** in any 30 consecutive trading days for at least 20 trading days, not less than a set threshold (generally 130% of the current conversion price), then the listed company has the right to redeem all or part of the convertible bonds that have not been converted into shares in accordance with an agreement slightly higher than the face value of the convertible bonds** (generally 103 yuan), what does it mean?In short, the stock price has far exceeded the agreed conversion price, you have earned it, hurry up and transfer the shares!Otherwise, I will redeem at a low price, either you will earn more than 30% in the market to transfer shares, or you will redeem at 103, choose one of the two!
During this period, the issuer will definitely try to increase the price of the convertible to more than 130%, and then force redemption, because the issuer will try to make the creditor become a shareholder of the company, so the borrowed money does not have to be repaid, so there is a high probability that a convertible bond can rise to more than 130%, it is only a matter of time.
At present, the opening of convertible bonds requires more than two years of trading experience;In the first 20 trading days of opening, the average daily market value shall not be less than 100,000 yuan. After satisfying the requirements, you can directly open the convertible bond permission on the app, and you can trade after opening.
The handling fee for convertible bonds is currently **000005. The minimum charge is 01 yuan, Shanghai market 044, the minimum charge is 0 yuan.