On the positive side: not all listed companies can issue convertible bonds, and the companies that can usually issue convertible bonds have good performance. Because convertible bonds not only have bond properties, but also need to pay corresponding interest. If the company has poor performance, it can't afford to pay interest. Moreover, in the actual operation process, the issuance of convertible bonds by listed companies usually occurs when the project is good, which can effectively improve the company's performance and help to raise the stock price.
On the negative side, convertible bonds have a certain nature of shares and can be converted into stocks after six months of issuance. First, debt-to-equity swaps will increase the company's total share capital. Second, even if the debt-to-equity swap is not carried out, the company will bear the interest extraction of convertible bonds. In practice, if the listed company invests in projects with uncertain returns, it will take a long time to see the effect, or the industry will start to decline, which is likely to have a negative impact.
So whether it is good or bad needs to be analyzed according to the specific situation of the company.
How long does the bond open after it is issued?
Bond issuance is usually listed within one month after subscription. In fact, most bond issues will be listed within three weeks, and can be listed within half a month at the earliest.