Playing new bonds is an investment method, which refers to the subscription of newly issued convertible bonds through ** accounts, in order to obtain premium income after the bond is listed. The advantages of new bonds are low risk, stable returns, and simple operation, which is suitable for the majority of investors to participate. So, what is the operation process of new debt? This article will give you a detailed introduction to the steps, precautions and skills of new bonds, so as to help you easily master the methods of new bonds and improve the winning rate and yield.
1. Prerequisites for new debts
In order to make a new debt, you first need to meet the following conditions:
You need to have a ** account and open trading permissions for convertible bonds. If you don't have an account, you can go to the company or open an account online, open an account, log in and find the option to open a convertible bond in the settings, and follow the prompts.
You need to have enough funds to apply for new bonds. Generally speaking, the subscription amount of each new bond is from 1,000 yuan, that is, 10 bonds, and the face value of each bond is 100 yuan. You can choose the amount to subscribe according to your own financial situation, but it is recommended that you try to subscribe as much as possible, that is, according to the maximum amount, so as to increase the probability of winning the lottery. Your funds need to be deposited into the ** account one day before the subscription date, otherwise the success rate of the subscription will be affected.
You need to have a certain market value to get the subscription quota. Generally speaking, the company will allocate you the corresponding subscription amount according to the market value in your account, which is the maximum amount you can subscribe. The market value is calculated by taking the average daily market value in your account based on the day before the subscription date, that is, the average market value of each day. **The calculation period of market value is from the day before the subscription date to the previous 20 trading days. The ratio of market value is that for every 10,000 yuan of market value, it corresponds to the subscription quota of 1,000 shares, that is, 10 bonds. If your ** market value is less than 10,000 yuan, then you will not be able to get the subscription quota, and you will not be able to make new debts.
2. Operational steps for making new debts
If you meet the prerequisites for a new debt, then you can follow the steps below:
The first step is to understand the information about the new debt. You need to pay attention to the issuance of new bonds in advance, including the name of the new bond, the issuance date, the issuance, the interest rate, the maturity, the conversion price, etc. This information can be obtained through channels such as APP, Finance, WeChat, etc., and can also be queried through search engines. Based on this information, you need to judge the investment value of the new bond and choose the new bond you want to subscribe for.
The second step is to apply for new bonds. On the issuance date of the new bond, you can find the entrance to the new bond subscription in the **app, usually in the transaction or new option. You can see the list of new bonds that can be subscribed on the same day, select the new bonds you want to subscribe, enter the amount you want to subscribe, click Subscribe Now, confirm the subscription information, and complete the subscription operation. The subscription period is from 9:30 to 15:00, after which you will not be able to subscribe. The number of subscriptions cannot exceed your subscription amount, nor can it be lower than the minimum subscription amount, which is generally 10 bonds. The number of subscriptions should also be in line with the integer multiple of the subscription units, generally 10 bonds for one unit. After the subscription is successful, you can view the subscription record in My Subscription, and you can also view the frozen funds in the fund details.
Step 3: Check the lottery result. On the day after the issuance date of the new bond, that is, on T+1, you can check your allocation number, that is, your subscription number, in My Subscription. This number is used for the draw, and each subscriber will have one or more numbers. On the third day of the issuance date of the new bonds, that is, on T+2, you can check your winning status in My Subscription, that is, whether you have won the lottery and how many bonds have been won. If you win the lot, the funds in your account will be deducted from the corresponding amount, and the corresponding bonds will be added to your position. If you don't win the lottery, the funds in your account will be unfrozen, and there will be no changes to your positions. You can also receive the notification of winning the lottery by SMS or email.
The fourth step is to sell the new debt. On the fourth day of the issuance date of the new bond, that is, on T+3, the new bond will be listed and traded in the secondary market, and you can check the real-time of the new bond in the **app** to decide whether to sell the new bond. Generally speaking, there will be a certain premium after the new bond is listed, that is, the market of the new bond will be higher than the issuance, so that you can get the difference income by selling the new bond. You can choose the right time to sell according to your expectations and risk appetite, or you can hold new bonds and enjoy the interest income of bonds, or wait for new bonds to be converted into ** and enjoy the income of **.
3. Precautions and skills for making new debts
Although playing new bonds is a simple way to invest, there are some things to pay attention to and tips, and the following are some common ones:
Pay attention to the subscription date and time. The subscription date and time of new bonds are fixed, generally from 9:30 to 15:00 on the issuance date, if you miss this time period, you will not be able to participate in the subscription. Therefore, you need to pay attention to the issuance of new bonds in advance and set up reminders to avoid missing the subscription opportunity.
Pay attention to the subscription quantity and amount. There is a limit to the number and amount of new bonds to be subscribed, and you cannot enter the amount you want to subscribe at will, but it must be determined according to your subscription amount and subscription unit. The subscription amount is determined by your ** market value, and the subscription unit is determined by the issuance rules of the new bond. You need to check this information before subscribing to avoid failure or undersubscribing.
Pay attention to the situation of funds and freezes. You need to make sure you have enough funds in your account before subscribing, otherwise you will not be able to subscribe or undersubscribe. After the subscription is successful, your funds will be frozen and will not be unfrozen or deducted until the lottery result comes out. You need to pay attention to check the details of your funds to avoid affecting your other transactions due to insufficient funds or freezing.
Pay attention to the listing of new bonds and the trend of **. You need to pay attention to the listing date, listing**, rise and fall, trading volume and other information of the new bond in a timely manner, judge the market performance of the new bond, and choose the right time to sell. Generally speaking, there will be a higher premium on the first day after the listing of new bonds, that is, the market of new bonds will be higher than that of issuance, which is a better opportunity to sell. However, you should also pay attention to the volatility of new bonds and avoid selling them at *** time, causing losses.
Pay attention to the conversion of new debt and the value of the conversion. You need to pay attention to the conversion conditions, conversion ratio, conversion period, etc., to judge the conversion value of the new debt, choose whether to hold the new debt, and wait for the opportunity to convert to equity. Generally speaking, the conversion value of new bonds refers to the difference between the market value of the new bonds and the market value of the new bonds, if the difference is positive, that is, the market value of the new bonds is lower than the market value after the conversion, then the new bonds have a conversion value, and holding the new bonds can obtain higher returns. However, you should also pay attention to the interest income of the new debt, and avoid the loss of converting shares when the interest income is higher than the conversion income.
Conclusion
Investing in new bonds is a simple and effective way to invest in bonds, which can bring stable returns to investors, but it also requires mastering certain operating procedures and skills to improve the winning rate and yield. This article gives you a detailed introduction to the prerequisites, operation steps, precautions and tips for making new debts, I hope it will be helpful to you. If you want to know more about the knowledge and information of new bonds, welcome to follow my Baijia account, and I will share more financial articles for you from time to time to make your investment road smoother. Thank you for reading and I wish you all the best in your investment!