Will there be deductions for insufficient convertible bonds?
The convertible bonds of Shenzhen Stock Exchange can be partially subscribed, while the convertible bonds of Shanghai Stock Exchange cannot be partially subscribed. A winning number in Shenzhen is 10 and the minimum payment unit is1; The winning lot number of Shanghai new debt subscription is 1 lot, and the minimum payment unit is 1 lot. For example, 500 yuan is the only account in Shenzhen market. You can pay 5 yuan if you sign the contract, but the Shanghai market needs 1000 yuan to pay.
Subscription rules for convertible bonds:
1 Shanghai convertible bonds are paid manually, 1 hand = 10, that is, 1000 yuan;
2 the same market: pay according to the order of the payment amount from small to large; If the amount is the same, pay at random;
3 Different markets: if the account balance is less than 1 1,000 yuan, it will be paid to Shenzhen to issue bonds;
4 If the capital is more than 1, 000 yuan and less than 2000 yuan, there will be two situations: Shenzhen will pay all, and Shanghai will not pay; Shanghai pays in full and Shenzhen pays in part. The final payment result is subject to liquidation.
Subscription process of convertible bonds:
1T apply for new shares/bonds on the same day, and you can check the matching number after liquidation at night;
2T+ 1, announce the winning rate, draw lots to form a winning result, and send the winning result to the securities company after the close of the day;
3t+2, the issue price and the winning results will be announced, and investors will ensure that their main capital account has sufficient funds to subscribe for new bonds at the end of that day, and will automatically pay them when clearing in the evening (payment funds = winning lots * issue price).
Remember to pay the convertible bonds on time after winning the lottery. No matter whether it is fully subscribed or partially subscribed, it is regarded as giving up.