What does the new convertible bond mean?

What is a new convertible bond?

Newly issued bonds, also known as offering bonds, refer to newly issued bonds with a specific offering date. New bonds become existing bonds as soon as they are delivered. The way to buy new bonds is that investors buy bonds in the issuance market. The issue price of the new bonds is as follows: 1, which is issued at par value and at par value, also known as parity issue. 2. Premium issuance: issuance above par value.

List of subscription processes for new convertible bonds 1. On the subscription day (T-day), investors apply for subscription of convertible corporate bonds with their securities account cards (the subscription for each account is not less than 1000 yuan, and the subscription limit for each account must be an integer multiple of 1000 yuan, and the subscription limit for each account is 1‰ of the total public offering. The exchange feeds back the subscription status,

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, and the exchange will make subscription and numbering.

4. 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.