What are the characteristics of convertible corporate bonds?

Convertible corporate bonds refer to corporate bonds issued by issuers in accordance with legal procedures and can be converted into shares in accordance with agreed conditions within a certain period of time. Convertible corporate bonds have the dual nature of creditor's rights and equity.

Convertible bonds have the dual characteristics of creditor's rights and options.

Convertible bonds have the characteristics of both bonds and stocks, and have the following three characteristics:

1, creditor's rights, like other bonds, convertible bonds also have stipulated interest rates and maturities.

2. Equity, convertible bonds were pure bonds before the conversion, but after the conversion, the original bondholders changed from creditors to shareholders of the company and can participate in the business decision-making and dividend distribution of the enterprise.

3. exchange. Convertibility is an important symbol of convertible bonds, and bondholders can convert bonds into stocks according to agreed conditions.

Tips: The above information is for reference only.

Response time: 2021-10-14. Please refer to the latest business changes announced by Ping An Bank in official website.

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