1. Confirm the subscription time: Before the issuance of convertible bonds, the issuing company will announce the subscription date. Investors need to pay attention to relevant announcements and understand the specific subscription time.
2. Prepare subscription funds: Before the subscription date, investors need to deposit enough funds in their accounts to purchase convertible bonds. Buying convertible bonds does not require any trading commission and handling fee.
3. Enter the subscription code: On the subscription date, investors can enter the subscription code of convertible bonds through stock trading software or brokerage trading platform to subscribe. The subscription code is usually different from the stock code, which can be inquired in the announcement of the issuing company.
4. Fill in the subscription quantity: In the subscription process, investors need to fill in the subscription quantity. It should be noted that the minimum subscription unit of convertible bonds is 1 lot (1 lot), and the number exceeding1lot must be an integer multiple of1lot. For example, investors can subscribe for 10, 20, 30 and so on.
5. Confirm the subscription: After filling in the subscription quantity, investors need to confirm the subscription. After the subscription is completed, investors can check the subscription records to confirm whether the subscription is successful.
6. Announcement of the winning result: After the subscription is completed, the issuing company and the securities firm will number the subscription and determine the winning result by drawing lots. The winning results are usually announced within a few trading days after the purchase date. Investors can check the winning results through the announcement of the brokerage platform or the issuing company.
7. Payment of subscription funds: If the lottery is won, investors need to pay the subscription funds within a specified time (generally T+2 days). After the payment is completed, investors will hold convertible bonds, which can be traded after listing.
It should be noted that the purchase of convertible bonds has certain risks. Before buying, investors need to fully understand the relevant knowledge of convertible bonds and pay attention to the fundamentals and credit status of the issuing company in order to reduce investment risks.