Investors should purchase convertible bonds according to the tips of the issuance announcement on the basis of reading the prospectus and the issuance announcement in detail.
Purchase procedure
1. On the subscription day (T-day), investors apply for subscription of convertible corporate bonds with the securities account card (the subscription limit of each account shall be not less than 1000 yuan, and the subscription limit of each account shall be an integer multiple of 1000 yuan, and the subscription limit of each account shall be 1‰ of the total public offering). The exchange feeds back the subscription situation;
2. On T+1day, the Exchange Clearing Company will freeze the subscription funds in the subscription account;
3. On T+2, the lead underwriter and an accounting firm qualified to engage in securities business will verify the subscription funds, and the accounting firm will issue a capital verification report; The exchange performs subscription and numbering work.
On the fourth floor. On T+ 3, the lead underwriter is responsible for organizing the lottery and announcing the winning results on the same day;
5.T+4 days, unfreeze the unsuccessful subscription.
Purchase rules
The subscription unit of 1. convertible bonds is "hand", and each 10 bond is 1 hand.
The subscription of convertible corporate bonds for each account shall not be less than RMB 65,438+0,000, and if it exceeds RMB 65,438+0,000, it must be an integral multiple of RMB 65,438+0,000. The subscription limit of each account shall not exceed 0 ‰ of the total amount of publicly issued convertible corporate bonds, that is, 65,438 yuan.
2. Each stock account can only be purchased once, and once the entrustment is handled, it shall not be revoked. For multiple subscriptions (including subscriptions at different securities trading outlets), the first subscription is regarded as a valid subscription.
3. Investors do not charge any fees for purchasing convertible corporate bonds.
4. The subscription code for issuing convertible corporate bonds in Shenzhen is 125***, such as Angang Convertible Bonds (125898); The subscription code of convertible bonds issued by Shanghai Stock Exchange is 733***, such as issuing bonds at the airport (733009).
(II) Combination of Placement and Online Pricing The way in which a listed company issues convertible bonds takes precedence over recording the date of shareholders (that is, old shareholders) is a financing method for listed companies, just like allotment and issuance of new shares, similar to the operation of allotment payment and issuance of new shares. In addition, it can also be issued to securities investment funds at the same time.
For example, Angang's convertible bonds adopt the methods of giving priority to shareholders of Angang's newly rolled A shares, targeted sales to securities investment funds, and online pricing.
When a listed company issues convertible bonds, investors' subscription operation shall be subject to the announcement issued by the company.
This paper takes "Angang Convertible Bonds" (125898) issued by the listed company Angang New Rolling Company as an example. The basic procedure for issuing convertible bonds is divided into three steps, as follows: Note: Some companies do not place shares in securities investment funds, but issue the balance to the public through online pricing, such as Shanghai Airport convertible bonds (10009).
Placement process
1. Registration date of placing right (T day): determine the shareholders who can enjoy this convertible bond placement;
2. Payment date of allotment (T+ 1 day): the payment period of allotment is only 1 day, which is generally the second trading day after the base date.
Placing rules The shareholders registered on the registration date of the placing right of the placing object.
The placing price is 65,438+000 yuan, and the subscription unit of the placing unit is 65,438+0 lots (that is, 65,438+00 lots, each with a balance of 65,438+0). Placement to old shareholders. Placement to securities funds. The online pricing issue value is 65,438+000 yuan).
Proportion of placing: the number of shares registered and held after the closing of the market as of the registration date of placing right, and the proportion of placing * yuan convertible bonds per share.
The prior allotment is rounded up, and the actual allotment amount is 1 1,000 yuan. If the allotment amount is less than 1000 yuan according to the allotment proportion, it shall be deemed that the investor has given up. (such as Angang Converting Bonds)
Calculated according to the proportion of * * shares that can be subscribed for every 100 shares, and rounded to the whole number of 1 hand according to the rounding principle. (such as airport convertible bonds)
The formula for calculating the number of convertible bonds that shareholders of public shares can place is: the number of convertible bonds that can be placed = the number of shares held by date of record after the market closes ×**/ 1000 (rounded to the nearest whole number). The subscription quantity of each stock account in the placing declaration shall not be less than 1 lot (...... >); & gt
Question 2: Do you want to buy the existing split bonds or not? The price of pure debt is generally around 70 yuan. It is estimated that Changhong's pure debt is around 70 yuan. Because the subscription price of this bond is 100 yuan, the price difference near 30 yuan is to make up for this loss with the warrants distributed free of charge in this bond, and each bond is given 1 warrant. If the listing price of the warrants is lower than 1.5 yuan, there will be losses. From the interest rate of * *, we can know that the exercise price is 5.23 yuan, which is lower than the current price of Sichuan Changhong. Under normal circumstances, the price after listing should be around 2 yuan to 3 yuan. Theoretically, subscription is profitable, but the overall yield of subscription of this bond is not as high as expected, only about 3%. Bonds and warrants will take about one month from subscription to listing. Due to priority placement, funds will be frozen by relevant bonds. You have to calculate whether it is worthwhile to subscribe again! As for the purchase, you can enter 704839 at the place of purchase, then enter the relevant quantity according to the prompt of the trading system, and then submit it. This operation must be performed before 15, otherwise it is invalid.
Question 3: How to operate the stock bond matching? 5. Bond matching is a financing behavior of listed companies. If a company wants to issue bonds, if you hold the shares of this company, then you have the priority to buy the bonds of this listed company.
Stock debt allocation operation:
That is, on the subscription date when stocks are allowed to match bonds, you only need to have enough cash in your account and enter the entrustment code to get this convertible bond. At the same time, the cash in your account becomes "XXX convertible bond". If you don't operate the above procedures, it means that you didn't buy "so-and-so convertible bonds" and your account shows "so-and-so convertible bonds". Its significance can be compared with' rights issue'.
Question 4: How to operate debt distribution? Thank you for your cooperation. This thing shouldn't be in the computer area.
Question 5: What is debt distribution? Placing: it means that when the stock you hold now reaches a certain market value, you can directly obtain a certain amount of bond quota; Placement is a right. You must exercise your rights. If you don't invest in the target of the placement, you will automatically give up. There is also a public placement, which is sold to non-corporate shareholders, similar to the subscription of new shares. According to your subscription amount, there are proportional placement based on the final online winning rate and offline interest rate inquiry placement. China Petrochemical's debt allotment was purchased on February 20th. If you didn't deposit the allotment funds into your account on February 20th and carry out the corresponding allotment operation, it means that you have given up the allotment, and the information in your account will return to normal in a few days.
Question 6: The day before yesterday, I bought 10 bonds issued by Shanghai Electric at a price of 1 0,000 yuan. Why can't the trading system see this money today? When can I return it? Thank you. Generally, the first day of listing with debt rose by about 20%, which is similar to the listing of new shares. See the company announcement for the specific time.
Question 7: What is debt distribution? I think there is a matching debt in my assets. Some people say they want to buy it, but I can't. I can only sell? Why can you sell it? I don't understand that 20-point bond allotment is a corporate bond issued by listed companies and a form of financing for listed companies. Because it contains bond interest, it is investment-oriented and can be bought and sold. When it was assigned to you at that time, it was only an indicator, and it could not be sold until it was bought. I understand this, for reference only.
Question 8: Received 1 Minsheng allotment bond 100 yuan. I bought it and spent 1000. Is it a loss? What is debt matching? Debt matching is a financing behavior of listed companies. If a company wants to issue bonds, if you hold the shares of this company, then you have the priority to buy the bonds of this listed company. On the subscription date, you only need to have cash in your account, enter the entrustment code, and you can get this convertible bond, and the cash in your account becomes "XXX convertible bond". If you don't operate the above procedures, it means that you didn't buy "bluff convertible bonds" and your account shows "so-and-so convertible bonds".
Minsheng Bank 1 and 100 shares can be equipped with convertible bonds of 88.5 yuan, and 1000 yuan can be combined into one hand.
2. The exercise price is 10.23 yuan. After the issuance of convertible bonds, they were traded on the Shanghai Stock Exchange, and the conversion began on September 16 this year.
3. The convertible bonds are valid for 6 years, and the annual interest rate is only 0.6% in the first three years and1.5% in the last three years;
4. The old shareholders have the preemptive right, so it is suggested to subscribe. They will be listed on the Shanghai Stock Exchange soon, and there will be some premium.
5. It means that if the stock price of Minsheng Bank exceeds 10.23 yuan, for example, it reaches 15 yuan, it will buy Minsheng Bank at 10.23 yuan and then sell it in the secondary market; If Minsheng Bank does not reach 10.23 yuan, it is a bond, and the bond interest rate is 0.6% per year; No matter how you make convertible bonds, you won't lose money. For reference only.
I hope I can help you.
Question 9: What happened to the allocation of people's livelihood bonds in my stock account and how to operate it? That was the pre-emptive right given to the old shareholders when Minsheng Bank issued 20 billion convertible bonds, or it was called the old shareholders' allotment, but the allotment ended in March 15. Judging from what you just found out now, you certainly didn't participate in the placement, so you wasted this opportunity.
This distribution is not bad. From what you said, you can get 10, which is the face value of 1000. I bought it at the face value of 100 yuan. When it goes on the market in a few days, its price will definitely be more than 100 yuan.
The current price and market value displayed are meaningless. In fact, I just told you to buy it at the price of 100, not the right value of 100.
Question 10: There is a code 080425 in my stock trading software. The balance of Xugong's debt distribution shares is 6 available balance 6 market price 100. All other parameters are 0. You can participate in the placement of Xugong convertible bonds as a shareholder. According to your quantity, that is, 6000 yuan, you can place 6 lots. The placement code is 080425. As long as you participate in this placement, you will definitely win, and then sell it after the convertible bonds are listed.
In addition, you can also participate in the online subscription of Xugong convertible bonds with the code of 070425, which is to draw lots to decide whether you can win the prize.