What is the general income of new convertible bonds, and which is better to pay off new bonds or con

The general return of new convertible bonds is around 15%-30%. However, there are also convertible bonds that break when they are listed, and there are also convertible bonds that rise to several hundred percent. There is a certain relationship between the income of convertible bonds and the listed companies that issue convertible bonds.

Convertible bonds and exchangeable bonds are publicly issued, and general public investors can participate in online subscription without market value, and no funds are required on the day of subscription. Convertible corporate bonds.

Abbreviated as a convertible bond.

It refers to the corporate bonds issued by the issuer in accordance with legal procedures and can be converted into shares within a certain period of time according to the agreed conditions. This type of bond has both debt and equity options.

Extended Materials. 1. If you want to participate in the "new investment" of convertible bonds, how to avoid "stepping on thunder"?

Generally speaking, the lower the premium rate, the smaller the probability of breaking. In fact, the valuation of a convertible bond.

High or low, we can judge by his premium rate. Usually the conversion premium rate.

The higher it is, the lower the value of the convertible bond, and the higher the probability of breaking after listing. Here's a formula to refer to:

Conversion premium rate = **Bond current price - conversion value) 100% of the conversion value

Conversion Value = Underlying Shares** Conversion Shares** 100

You should comprehensively judge whether the newly issued convertible bonds have new value.

Because in addition to the conversion premium rate, the performance of convertible bonds on the first day of listing will also be affected by many aspects such as the terms of the convertible bonds, the trend of the underlying stock, and the market environment.

2. Convertible bonds.

A convertible bond is a bond in which the bondholder can convert the bond into an ordinary bond of the company as agreed at the time of issuance. If the bondholder does not want to convert, they can continue to hold the bond until the repayment period expires to receive the principal and interest, or liquidate it in the liquid market**. If the holder is optimistic about the potential of the bond issuer to increase its value, he or she can exercise the right to convert the bond into ** according to the predetermined conversion after the grace period, and the bond issuer shall not refuse.

The interest rate of the bond is generally lower than the interest rate of the bond of ordinary companies, and the issuance of convertible bonds by enterprises can reduce the cost of financing. Holders of convertible bonds also have the right to sell the bonds back under certain conditions.

The right to the issuer, the issuer has the right to redeem the bond compulsorily under certain conditions.

Many convertible bonds rose to 20%-30% on the first day of listing, which is already very high.

Of course, you can also continue to hold it until your psychological price and then sell it.

On the day of listing, not all convertible bonds are rising, but the amount of loss is not very high, and the risk of convertible bonds is relatively low, but the risk of forced redemption and **** cannot be ignored.

How to avoid the ** break of the hit?

From the analysis of the corresponding ** of the bond, if the fundamentals of this ** are very good, it means that there is the possibility of profit; Secondly, looking at the valuation of this **, the valuation is not high, so there is still room for **.

The lower the premium rate, the smaller the possibility of breakage, and the higher the income on the day of listing;

Finally, from the analysis of ratings, it is best to choose bonds with high ratings, preferably AA or above.

If you are a novice and don't know how to analyze, then you can try to play new "brainless", and play each one, after all, the probability of breaking is still relatively small.

The return of new bonds and convertible bonds is definitely higher, but the corresponding risk is greater, because the new bonds may continue to rise and fall after the listing, and there is no continuous limit after the listing of the convertible bonds, so the returns of the new bonds are higher, but the new bonds may continue to break after the listing, so the risk of new bonds will be greater.

What is the difference between bond issuance and debt conversion?

1.Convertible bonds.

It is a type of bond, which can be converted into the ** of the bond issuing company, usually with a lower coupon rate. Bond issuance refers to the issuance of bonds by the company in accordance with legal procedures, and it is agreed to repay the principal and interest within a certain period of time.

2.The issuance of bonds shall be subject to repayment of principal and interest within a certain period of time in accordance with the agreed conditions, and the repayment of principal and interest shall be completed and the issuance of bonds shall be completed; If the convertible bond issuance is converted into **, its bond issuance characteristics are lost, and the ** characteristics are formed.

3.General bond issuance refers to the act of the issuer issuing to investors in accordance with legal procedures and agreeing to repay principal and interest within a period of more than one year. The issuance of convertible corporate bonds refers to the issuance of bonds issued by the issuer to investors in accordance with legal procedures that can be converted into shares within a certain period of time according to the agreed conditions.

4.A convertible bond is a type of bond that can be converted into a bond issuer and usually has a lower coupon rate. Essentially, a convertible bond is an option attached to the issuance of a bond that allows the purchaser to convert the bond purchased into a designated company** within the agreed time frame of the rebate.

5.Bond is a kind of financial contract, which is a creditor's right and debt certificate issued to investors when financial institutions, industrial and commercial enterprises, etc. directly borrow from the society to raise funds, and at the same time promise to pay interest at a certain interest rate and repay the principal according to the agreed conditions. The essence of a bond is a certificate of debt, which has the force of law.

The bond issuer is the debtor and the investor is the creditor.

After the listing of new bonds, most of the returns are above 10%, and the high ones even reach nearly 30% returns, such as when you hit new bonds.

Won 2 lots, one hand is 10 pieces, 100 yuan a piece, that is, 2000 yuan will be used in this lottery, then after this new bond is listed, you can probably earn 200 or 600 yuan, and do not lose a penny of cost.

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

Generally in the bond type**.

When the product was first issued, the first issue was relatively low, at this time, the investment fraud and retail investors subscribed for the newly issued bonds called new bonds, and when subscribing, they would choose investors who could buy bonds by drawing lots, and the lottery was called winning the lot, and the investors who won the lottery bought the bonds at the issue price of the bonds, and the cost was very small, and then the bonds were sold to obtain relatively high returns, and the new bonds generally did not fall below the face value after listing, and there would be almost no losses, so there were generally many investors who played new bonds.

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.

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 bonds to be leased back from the signing to the listing, 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.

Theoretically, there will be no loss in new debt, but the disadvantage is if the premium rate.

If it is too high, there is also a risk of falling below the issue price, and it is normal for new bonds to be at a premium rate of less than 5%, and it is necessary to be cautious if it exceeds it, so as not to live with funds.

In fact, convertible bonds and new debts.

There's no difference, it's just a different name. First of all, the whole process of new debt is convertible corporate bonds.

Most convertible bonds will have a certain increase on the day of listing, so many people will choose to buy new bonds.

1.Moreover, the convertible bond is a guaranteed investment, which is a T+0 trading method, and when the first is unfavorable, the convertible bond can be held in accordance with the bond to pay the principal and interest at maturity, so it is particularly difficult to lose money by subscribing for convertible bonds. In addition, if you want to make a new bond, you need to open the convertible bond authority before you can subscribe for the newly listed convertible bond, so this can also prove that there is no big difference between the convertible bond and the new bond.

Extended Information: IPO.

It refers to the subscription operation of investors in the market on the day of the initial issuance of listed companies. The new bond refers to the issuance of bonds by listed companies in the market for financing, and investors subscribe on the day of issuance.

1. From the perspective of the subscription threshold.

Investors subscribe for new shares.

Must meet the first 20 trading days of the average daily market value of 10,000 and above conditions, the number of subscriptions and the subscription market value is related, that is, the higher the market value, the more the number of subscriptions, and the new bonds to take the credit subscription method, investors only need to have a ** account, even if there is no market value, you can also carry out the top grid subscription, compared with the new share subscription, the threshold is lower.

2. Judging from the winning rate.

As long as the investor holds the new shares or new bonds after winning the lottery and making the payment, the winning rate of the new bonds is generally higher than that of the new shares, that is, it is easier for investors to win the lottery when they subscribe for new bonds.

3. From the perspective of risk and expected returns.

Expected returns: Investors subscribe for new shares.

After that, the new shares may have a continuous limit, and its funds will be doubled, and the stock price of the listed company will be higher than 130% of the conversion price for 15-20 consecutive days, which will trigger a mandatory redemption, and the company will redeem it at a rate of 103 yuan, so the expected return of the new shares may be higher than the expected return of the new debt.

Risk: Both new shares and new bonds will break, but the probability of new bonds is lower, and there are conditions for compulsory redemption of new bonds: once the underlying stock price lasts for about 30 days and is lower than 70%-80% of the conversion price, the listed company must redeem it at 101-103, so the risk of new bonds is lower than that of new stocks.

Convertible bonds are newIt is to subscribe for convertible bonds when convertible bonds are issued. In the subscription of convertible bonds, there is no need for market value or capital, and all investors can use trading software to subscribe, which is basically the same as that of new shares. A convertible bond is a kind of bond that the holder can convert into an ordinary bond of the company according to the agreement at the time of issuance.

How to do convertible bonds?

Like IPO stocks, the IPO subscription of convertible bonds is also relatively simple. Each convertible bond has a corresponding subscription**. Open the trading software to enter the entrusted trading page, the operation direction is**, enter the subscription**, the bond conversion information can be automatically popped up.

In particular, it should be noted that regarding the number of entrustments to fill in the top grid of new convertible bonds, please refer to the relevant tips given by the trading software. Investors can directly enter it manually according to the maximum amount of "maximum buy".

After the above information is filled, the investor needs to click "**" to ensure that the entrustment is successful. If the investor wins the lottery online on the T+2 day, the investor will complete the whole process of "IPO" convertible bonds by paying on the same day. However, it has to be mentioned that the original shareholders generally have the right to obtain the right of preferential placement of convertible bonds.

In most cases, 100% of the original shareholders will be allocated preferential allotment. Therefore, if you hold the ** issuance of convertible bonds, don't forget to pay to participate in the placement, you don't grab this red envelope.

For investors, whether or not to participate in the IPO depends largely on whether the income from the IPO can cover the opportunity cost. A bond analyst at a large brokerage firm said that in general, the expected 5-day annualized conversion of bonds to make new returns compared with the repo rate for the same period. If it is expected that the yield of the convertible bond will be higher, it is recommended to participate in the IPO.

Convertible bond playing new skills

1. Subscribe for the top grid, which can increase the chance of winning the lottery. And when you choose the subscription amount, in fact, you only need to directly select "cross". Because brokers generally set the amount of cross positions to the number of top positions.

2. You can register a few more accounts, after all, if you open one more account, you will have more chances of winning the lottery.

3. Continuous subscription, in this way, because the time interval is shorter, so the numbers are easy to connect together, and the probability of winning the lottery is normally distributed, so if you subscribe continuously, the probability of winning the lottery can also be improved.

4. Open margin financing and securities lending to increase an opportunity.

It means that when the convertible bond is issued, we can go to the convertible bond subscription. Note that when playing a new market, we must pay attention to its subscription price, bond issuance**, and subscription quantity.

Convertible bonds are IPOs that some companies that want to go public first estimate the market value of the company and borrow money from the public, and then return the money to the public according to the company's market value when the company is listed.