What's the difference between debt distribution and new debt?

1, different subjects: new bonds are open to all investors, and investors with securities accounts can apply for convertible bonds, and the distribution of creditor's rights is open to original shareholders. Only investors who hold shares in listed companies have the right to distribute bonds.

2. Different subscription methods: you need to apply for new bonds first, and then you can hold convertible bonds after winning the lottery. There is no need to apply for bonds. Listed companies allocate bonds to invest, and investors only need to pay.

Both rights issue and new debt issuance are financing methods of listed companies, but for different groups, the trading rules of rights issue and new debt issuance are the same, and they can all be converted into shares.

1. What do you mean by issuing new shares?

Playing new shares means using funds to participate in the subscription of new shares. If you win the lottery, you will buy the upcoming shares. To subscribe for new shares, a securities account of Shanghai Stock Exchange or Shenzhen Stock Exchange must be established before the issuance date. From 20 15, offline institutions and individuals can purchase on the stock exchange, and online purchases can be made by themselves.

2. What do you mean by new debt?

Playing new bonds is to subscribe for newly issued bond fund products. When the general bond fund products were first issued, the issue price was relatively low. At this time, investors who buy newly issued bonds are called new bonds. When buying, they will choose investors who can buy bonds by drawing lots, which is called winning lots. Investors who win the lottery buy bonds at the issue price of bonds, which requires little cost, and then they can get higher returns by selling bonds. However, after the new debt is listed, it will generally not fall below the face value and will hardly lose money, so it will be a new debt.

3. Which is higher, new debt or new shares?

Under normal circumstances, the income from playing new shares is high, but at the same time it is difficult to win the lottery. Some 1 000 new shares earn more than 20,000 to 30,000, or even 1 000 million. It's good that the new debt income can reach several hundred yuan. However, when the market is in a downturn, new shares may be broken, and the risk is greater than new debt. Generally, convertible bonds only win 10-30, that is, 1 1,000-3,000 yuan of initial capital contribution. The profit is basically several hundred yuan, and the minimum number of new shares is 500. Profits basically start from thousands to tens of thousands, and occasionally there are hundreds of thousands.