Investors who win the lottery buy bonds at the issue price of bonds, and the cost is very small, 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 there is almost no loss. Therefore, there are generally many investors who make new debts.
Extended data:
Listed companies are enthusiastic about issuing convertible bonds. Not only a large number of convertible bonds are issued, but also the subscription method of convertible bonds is changed to credit subscription, which is equivalent to free innovation, which makes a large number of investors flock to it. Various brokerage trading software also launched the subscription function of convertible bonds, which stirred up a pool of spring water in the capital market. However, judging from the recent performance of the secondary convertible bond market, the risks in the convertible bond market are emerging.
The newly listed Jiulizhuan 2 fell below the par value in only half a day, while Xiaokang convertible bonds and Jiaao convertible bonds fell below the par value several times in a row. In fact, at present, many convertible bonds are experiencing the impact of falling below the face value on a large scale. According to wind statistics, as of yesterday's close, among the 28 convertible bonds being traded in the secondary market, 12 convertible bonds have fallen below the issue price.
Baidu encyclopedia-making new debts
People's Daily Online-Convertible bonds increasingly expose new risks, 12 "Breaking"