Source: Securities Times
As the market has rebounded sharply in the near future, the convertible bonds ushered in a wave of strong redemption.
Recently, Nanda Optoelectronics and Children Wang repeatedly issued an announcement to remind investors issuing convertible bonds to enter the early redemption stage and stop transferring to the shares.After the redemption of the redemption date, all the convertible bonds that have not been implemented are frozen, and the transaction and rectification will be stopped. It will be forcibly redeemed at the price close to the face value.
Securities Times reporters followed that investors will not convert the childs convertible bond into a company stock in time, and will face more than 40%of losses; investors will not convert Nandian Convertible Bonds in time to conversionAs a companys stock, it will face nearly 40%of losses.It is worth noting that the positive shares corresponding to the Passenger Platform and Nandian Convertible Bonds are all GEM stocks, which means that if investors do not open GEM transaction permissions, they will not be converted, so it will also face about 40%.Losses.
There are last 2 trading days left
The childs announcement shows that from September 30th toOn October 25, the companys stock price has closed the price of 15 trading days.The closing price is not less than 130%of the current conversion price, and the conditional redemption clauses in the "Revised Manual" have been triggered.
Combining the current market and the companys own situation, after comprehensive consideration, the companys board of directors agreed to exercise the right to redeem the childs convertible bonds.According to the arrangement, the Passenger Convertible Bonds, which have not changed the stock after receiving the market as of November 15, will be forced to redeem at a price of 100.16 yuan/piece.At present, there is a large difference between the price of the secondary market of the childs convertible bond and the redemption price, and the company specifically reminds the Childrens convertible bond holders to pay attention to the shares within the time limit. If the investor does not transfer the stock in time, it may face losses.
Wind data show that as of now, the balance of the child kings convertible bonds is approximately 6,864,400 yuan, which is equivalent to 68,600 childrens convertible bonds have not been transferred.Before stopping the transaction, the price of the childs convertible bond was 182 yuan/piece. Investors did not transfer the stock in time. The company will eventually be redeemed at a price of 100.16 yuan/back. Therefore, each convertible bond will face more than 80 yuan.The loss of losses exceeded 40%.
Nandian Convertible Bonds will also usher in the redemption date of the redemption on November 15. By then, the investor will not operate in time. The company will forcibly redemption at a price of 100.39 yuan/piece.
Nanda Light announced that from September 30 to October 25, the companys stock price has closed for 15 trading days, which is not lower than the current period130%of the conversion price has met the closing price of at least 15 trading days in any 30 consecutive trading days in any consecutive trading day.The conditional redemption clause is among the conditions.
Combined with the current market and the companys own situation, after comprehensive consideration, the companys board of directors and supervisors agreed to exercise the right to redeem the early redemption of Nandian Convertible bonds.According to the arrangement, the company will register the South Power Convertible in China after receiving the market as of receiving the market as of receiving the market as of receiving the market.After receiving the market on November 15, the Nandian Convertible Bond, which has not been implemented, will stop the conversion, and the remaining convertible bonds will be forcibly redeemed at the price of 100.39 yuan/piece.
Wind data show that as of now, the balance of Nandian Convertible bonds has not changed about 68.414 million yuan, which is equivalent to 68,400 Nandian convertible bonds have not been transferred.Before stopping the transaction, the price of Nandian Convertible bonds was 164.333 yuan/piece. Investors did not transfer the stock in time. The company will eventually be redeemed at a price of 100.39 yuan/piece. Therefore, each convertible bond will face more than 60 yuanThe loss of losses is close to 40%.
New Star Convertible Bonds, Shanying Convertible Bonds usheredWangs transfer of debt is about to complete the redemption work, and the new star convertible bonds and mountain eagle convertibles will also usher in the final trading day.Among them, the Shanying Convertible Bonds delisted after the normal expiration, and the new star convertible bonds were withdrawn early after triging the strong redemption clause.
November 15th is the last trading day of the new star convertible and Shanying convertible debt.New star convertible bonds remind investors that after the redemption of the redemption date of redemption, the new star convertible bonds that have not been implemented will be frozen, the transaction and shares will be stopped, and it will be forcibly redeemed at a price of 100.685 yuan/piece.After the redemption is completed, the new star convertible bonds will be delisted on the Shanghai Stock Exchange.
As of the close of November 13, the new star convertible debt recorded 190.735 yuan/piece. Due to the triggering forced redemption, the corresponding redemption price was only 100.685 yuan/piece.If the closing price is calculated on November 13, investors do not perform related operations in time, and they may be close to 50%of the losses.
Shanying convertible bonds expire to pay the principal and interest rate of 113 yuan/piece, the date of date and redemption registration date is November 20, and the target of redemption is as of November 20 Shanghai.After receiving the market, all holders of Shanying Convertible Bonds registered at the Shanghai Branch of China Securities Registration and Settlement Co., Ltd. Shanghai Branch.
In the past, the strong redemption of convertible bonds is the main way to withdraw the convertible bond.As far as listed companies are concerned, forced redemption can lead to the debtors shares as soon as possible, eliminating the pressure on interest and principal of the listed company to repay interest and principal.At the same time, it is also conducive to the continuous financing of listed companies to issue convertible bonds in the next phase, which can improve financing efficiency.
For investors, once the clause of forced redemption is triggered, listed companies choose to redeem convertible bonds, and investors do not sell or transfer in time within the agreed period.Then this convertible bond can only be redeemed.For those investors who buy convertible bonds at high premiums, they may face major losses.
In the face of convertible bonds, investors usually perform two operations to avoid unnecessary risks.
One is to sell convertible bonds directly in the secondary market, and the bag is placed.For peace.At present, convertible bonds are all T+0 transactions, and investors can operate and sell them in the Shanghai and Shenzhen cities.
Second, the holder of the convertible debt can also be directly in the stock trading software directlyPerform the conversion operation.However, investors need to be reminded that the convertible bonds after the conversion have become stocks, and the trading rules have also changed from T+0 to T+1, which cannot be sold on the same day. In additionStocks are science and technology boards or GEM stocks. Investors also need to open corresponding permissions to operate stocks.
It is worth noting that the new regulations for convertible bonds have added the last trading day logo, that is, in convertible bondsIn the last trading day, the "Z" logo was added before the trading day to fully remind investors the risk. Investors should operate in time when they see this logo.If it is not sold in time, there will be 3 trading days to the shareholding time after the transaction is stopped. At this time, it can only be carried out.
