What is a bond with warrants?

Hello, corporate bonds with warrants are issued by the company and have the right to subscribe for the company's shares. When the company issues shares according to the pre-specified conditions, the buyers of such bonds can enjoy the preemptive right. The pre-specified conditions mainly refer to the purchase price, subscription ratio and subscription period of the stock. According to whether the attached warrants and bonds themselves can be separated, bonds can be divided into two types: one is separable, that is, bonds and warrants can be separated and transferred independently, that is, bonds with warrants can be traded separately; The other is non-separation, that is, warrants cannot be separated from bonds, and warrants cannot be the object of independent transactions. According to the exercise mode of stock options, it can be divided into cash remittance type and payment type. Cash remittance means that when holders exercise stock options, they must subscribe for shares in cash; Offset means that the face value of corporate bonds can be directly converted into shares according to a certain proportion.