What does it mean to make a new debt? When to sell new bonds

The debt in the new debt refers to the convertible bond, which is a bond that can be converted into **. Issuing new bonds means subscribing to newly issued convertible bonds. Investors participate through an account, but are not required to hold.

The meaning of new bonds is to subscribe for newly issued bonds** products.

Generally when the bond-type ** product is just issued, the issuance of ** is relatively low, at this time the investor subscribes for the newly issued bond is called the new bond, the subscription will be selected by lottery to buy the bond investor, the lottery is called the lottery, the investor who won the lottery to buy the bond at the issue price of the bond, the cost is very small, and then the bond can be sold to obtain a relatively high return, and the new bond will generally not fall below the face value after the listing, almost no loss, Therefore, there are generally a lot of investors who buy new bonds.

What does it mean to suspend trading in new bonds.

You can learn about the issuance of new bonds through Huatai**'s one-stop wealth management platform - "Fortune Pass".

1. What does it mean to make a new debt?

The debt in the new debt refers to the convertible bond, which is a kind of bond that can be converted into **. Issuing new bonds means subscribing to newly issued convertible bonds. Investors participate through an account, but are not required to hold.

When subscribing, investors are selected by drawing lots, which is "winning the lot". There is no need to deposit the amount when subscribing, and the corresponding amount can be paid after winning the lot, which is almost no financial pressure for investors during the subscription period.

The denomination of convertible bonds is generally 100 yuan per lot, 1 lot is 10 lots, and 1 lot is 1 lot, that is, investors need to pay 1,000 yuan in 1 lot.

2. How to increase the winning rate of new bonds.

Because of the large number of new bonds, the probability of winning the new debt is not high, or so, usually at most one or two lots, and the required funds are about 2,000 yuan, so you can choose to subscribe at the top of the grid when subscribing to improve the winning rate.

It takes about 20 days for the new bond to be listed, and the funds cannot be used during this time. Therefore, investors can open more ** accounts according to their own capital status, which can also improve the winning rate.

3. What are the risks of new debts?

Theoretically, there will be no loss in new bonds, but if the premium rate is too high, there is also a risk of falling below the issue price, and it is generally normal for new bonds to be within 5% of the premium rate.

Hit new debt. It refers to the subscription of convertible bonds that are about to be listed.

What is a convertible bond?

Convertible bonds are also known as convertible bonds.

It is a bond in which the bondholder converts the bond into the ordinary ** of the company according to the ** agreed at the time of issuance. In layman's terms, the essence is a kind of bond, which is money lent to the company, borrowed to repay the debt, and interest is given every year. However, convertible bonds can convert bonds into the company's **, and it is precisely because of this option that it can be accompanied by the underlying stock ****, which determines its yield.

What is a new debt?

Playing new bonds means subscribing for newly issued convertible bonds. When the convertible bond was first issued, it was relatively low, generally 100 yuan a piece, and at this time, investors subscribed for the newly issued convertible bond called a new bond. When subscribing, the investor who can buy convertible bonds will be selected by lottery, and the lottery is called the lottery, and the investor who wins the lottery will be **** of 100 yuan, and the cost will be very small, and then sell it on the day of listing to obtain higher returns, and there will be almost no loss.

On September 8, 2017, the China Securities Regulatory Commission (CSRC) adjusted the subscription method of convertible bonds, from capital subscription to credit subscription. To put it in layman's terms, it is that in the past, investors could only subscribe if they had a balance, but now they can pay the funds after winning the lottery, which is a good thing for our ordinary investors. Because even if we don't have a penny, I can subscribe for convertible bonds, and I will pay the money after winning the lottery, so there is no pressure on funds.

For enterprises, the issuance of convertible bonds is not easy, and it can even be said to be quite strict. China's listed enterprises need financing, which is divided into bond financing and equity financing.

Two categories. Bond financing includes bank loans, issuance of bonds, and notes payable.

Equity financing includes allotments, public offerings, and non-public offerings.

According to the requirements of equity refinancing methods in China's "Administrative Measures for the Issuance of Listed Companies", there are many financing requirements for the issuance of convertible bonds, and the threshold is still high. In contrast, private placement.

There are fewer constraints, so enterprises generally choose private placement.

Playing new bonds is to subscribe for convertible bonds that are about to be listed.

Convertible bonds are called convertible corporate bonds, which refer to bonds that can be converted into corporate bonds under certain conditions. Convertible bonds have the dual attributes of debt and options, and the holder can choose to hold the bond to maturity and obtain the company's repayment of principal and interest; You can also choose to convert to ** within an agreed period of time to enjoy dividend distribution or capital appreciation.

Convertible bonds are not affected by the lock-up period of non-public issuance, and are not subject to the 18-month financing cooling-off period to achieve timely**, which is a financing variety encouraged by the regulator, and the review cycle is relatively short, the issuance success rate is relatively high, and the financing efficiency is high. Considering the current market environment and regulatory requirements, convertible bonds have undoubtedly become one of the best ways to refinance, especially for listed companies that have just completed their initial public offering or non-public offering of ordinary shares.

For ordinary investors, the easiest way to make money by participating in convertible bonds is to buy new ones.

Hitting a new bond is not a sure way to make a profit, and it may also break directly on the first day and lose money, especially in a bear market, the probability of loss may also become larger.

At present, there are three main provisions for the issuance of convertible bonds:

1. The last three years of continuous profit, and the average net asset return of the three years is required to be 10%, which can be slightly lower for companies belonging to energy, raw materials and infrastructure, but not less than 7%;

This clause frames that companies that can issue convertible bonds must have their own earning power and not be too low. Companies that do not make money, or companies with poor profitability, are not eligible to issue convertible bonds.

2. After the issuance of convertible bonds, the company's asset-liability ratio cannot be higher than 70%.

This clause stipulates that the debt structure of a company that can issue convertible bonds should be limited to a certain range, and if a company has a complex debt structure and an unsafe financial structure, it is not eligible to issue convertible bonds.

3. The accumulated bond balance shall not exceed 40% of the company's net assets.

This clause further frames the bond issuing company, which cannot be covered with IOUs to ensure the quality of net assets.

These clauses eliminate a large number of poor-quality companies, which will be more demanding than ordinary bonds in relation to bond issuance.

Why are more and more people playing with convertible bonds?

Here are 4 reasons why:

1. Low threshold: To buy convertible bonds, you only need to have a ** account, and now it is very convenient to open an account, and you can operate it directly with your mobile phone, unlike the new stock that needs to hold a certain amount of market value, and you can operate the new bond on the second day you open an account.

2. Low investment: There is no need to pay for the lottery after the subscription, and the payment can be made according to the number of winning the lottery after winning the lot, which is generally 1,000 yuan.

3. Short time: One of the major advantages of convertible bonds is that generally everyone sells convertible bonds on the first day of listing, and it takes half a month to a month at most from payment to sale, and the time to occupy funds is short.

4. High returns: Generally, after winning the lottery, you can earn at least 180 or 500, and earn 5 or 600 if you do high, and the yield can basically reach more than 10%.

However, it is still necessary to remind that although the risk of convertible bonds is low, there are very few cases that will break, and you can look at the ** and the premium rate to consider comprehensively.

Hit a new operation process.

Take Huatai **, Fortune Pass as an example:

1. Open the software.

2. There is a "new artifact" on the "My" page, and if there is a convertible bond that can be subscribed on the same day, there will be a prompt.

3. Click on the convertible bonds that can be subscribed for, and select "Top Grid Subscription", generally not all the amounts, most of them are 1 lot, you can rest assured.

4. After confirming the subscription according to the prompts, sit back and wait for the SMS notification, if you win the lottery, you can pay according to the requirements.

5. Sit back and wait for the convertible bonds to be listed, and sell them on the same day.

Answer 1: Open the software. 2. There is a "new artifact" on the "My" page, and if there is a convertible bond that can be subscribed on the same day, there will be a prompt. 3. Click on the convertible bonds that can be subscribed, select "Top Grid Subscription" 4. After confirming the subscription, sit back and wait for the notification, and if you win the lottery, pay according to the requirements.

5. Convertible bonds are listed, and they can be sold on the same day. ”

It is not illegal to make new debts within a reasonable range, but if it exceeds the boundary, such as preparing dozens or hundreds, then it is illegal. The new regulations mainly crack down on some people who circumvent the 5% holding rule by borrowing other people's accounts, and borrowing other people's accounts to carry out stock price manipulation and private capital allocation.

1. What is the new one?

Playing new is equivalent to subscribing to the new listing**.

So how can I go to a new one? We need to meet the following two conditions:

1. You must open an account.

2. Need to have enough money: within 20 trading days before T-2 (T day is the online subscription date), you can subscribe for new shares by holding an average daily market value of more than 10,000 yuan.

When novices are playing new stocks, if they have the ability, they will try to choose some popular industries, such as new energy, medical care, liquor, military industry, etc., and it is basically difficult to lose money.

So in addition to the above suggestions, what are the tips for playing new stocks? Hurry up and learn it.

Want to know if it's good to have ** in your hand? Click on the link to diagnose stocks with one click, and real-time solution is one step faster! 【Free】Enter **** to get the report immediately.

2. What are the skills for playing new?

First of all, we need to know what the process of IPO is, and only by understanding the process can we start in a targeted manner.

Applying for new shares is roughly divided into 4 steps:

1. Subscription. That is, on the ** subscription date (T day), the subscription money will be paid through the entrustment system.

2. Match number. On the second day after the subscription date (T+1 day), ** will place new shares according to the total amount of valid subscriptions.

In the absence of any accident, the subscription amount will be more than the issuance amount (for example, XX company only issued 20,000 shares, but the subscription number reached 100,000 shares), this situation needs to be solved by lottery lottery.

3. Winning the lottery. On the third day after the subscription date (T+2 day), the winning rate will be announced, and the winning result will be announced on the next day, after which the required number of new shares can be subscribed.

For subscribers who have not won the lot, all the frozen funds will be unfrozen after the subscription ends.

Therefore, we should be clear that the most important thing in the new market is to improve the winning rate. For the sake of insurance, it is best to subscribe for multiple new shares at the same time, and then keep an eye on the new day, the following investment calendar can help you quickly find the new date, and remind you that you no longer worry about missing the investment calendar of the exclusive Shanghai and Shenzhen stock markets, and grasp the latest first-hand information.

Hello, you need to open a ** account first, and you can subscribe for new bonds after opening an account.

After opening an account, you can subscribe with one click. No market capitalization required.

Go to the ** company you choose to open a fund account, and then log in to your account on the day of issuing new shares and new bonds, select buy, enter the ** of the new bond and the quantity purchased, and submit a buy order.

Register a ** ticket account and apply on the day of the new debt.

It's like playing IPO. However, please note that this is in chronological order, and the order must be completed in an instant within the specified time (usually 9:15 or 9:25, depending on the announcement). In addition, it depends on the brokerage, some brokerages are always slower than others, then there is no chance.

There is also a coupon rate is very important, there is a similar bond yield in the reference, if the issuance is very low, the new may also lose money. The news of the issuance of new bonds will also be announced as soon as possible.

It depends on the bond situation, there is generally a 20%-30% premium rate, if the underlying stock is in the ** stage, you can take a period of time, if the new bond premium rate is negative, then the general income will be better, some new bonds can rise 100% or even more, to be optimistic about the sale again, you can sell on the day of the ordinary listing.

New bonds can only be sold after they are listed. You need to wait for the new bonds to be listed before you can sell them, and the listing time is within one month, so the funds for the new bonds to be short-term idle funds should be short-term idle funds.

Timing of selling new bonds after listing: Subscription of new bonds will generally choose to sell on the first day of listing, but if there is a breakage, you can also choose to continue to hold them, and sell them at an opportune time in the future or convert them into shares during the conversion period.

Investors with ** accounts are not allowed to make new bonds.

The reason is generally related to the investor's authority. If the issuance is GEM on the same day.

Or the Science and Technology Innovation Board.

Investors cannot participate in the subscription of new bonds in these sectors without the authority to open the corresponding ChiNext or STAR Market. It is worth noting that there is almost no threshold for new bonds, and there is no market value requirement for investors, that is, investors can also participate in the subscription of new bonds if they have short positions. But once the new bond is awarded, the investor will be awarded the lottery at 16:16 on the date of the lot

Before 00, it is necessary to ensure that the ** account has sufficient funds, otherwise it will be regarded as giving up the opportunity to play a new account, and if it is more than three times to give up the opportunity to subscribe, it will be blacklisted.

Restrictions on the subscription of new bonds and new shares within half a year.

Further information: 1. What is new debt?

When we talk about new bonds, we are referring to newly issued convertible bonds. Convertible bonds are a way for listed companies to raise funds. It is a special type of corporate bond.

Raid has a debt and ** option.

The dual attributes of the argument. In the vernacular, it can be converted to ordinary at a specific time and under certain conditions. When a listed company issues bonds, we can choose to subscribe for new bonds.

The current credit subscription, that is, you can subscribe for new bonds if you don't have money in your account. Wait until you win the lottery, and you can pay the money. Of course, it is not that you will definitely win the lottery after subscribing, to put it bluntly, that is, you still need to rely on a certain amount of luck.

Therefore, if you have the conditions, you can open a few more accounts, and the probability is a little greater. In addition, the new account may also have a higher chance of winning the lottery than the old account.

Second, the new bond is not 100% profitable, and it may break, that is, if we buy it at a face value of 100 yuan, it may open below 100 yuan. Therefore, when the market is not good, it is necessary to subscribe cautiously. Generally speaking, even if the increase in the auction is not large, if the convertible bond is held at maturity, it can have 100+ interest, that is, the loss is almost small.

It can be said that the conversion of debt only loses time, not money. Of course, if you are in a hurry to use the money and can't afford to lose money, then you need to be cautious about subscribing.