Second, the compulsory redemption conditions:
1. Convertible bonds must enter the conversion period, and cannot be redeemed without entering the conversion period;
2. When the positive share price of convertible bonds is higher than the conversion price 15-20 days in a row, it is forced to redeem;
3. When the positive share price of convertible bonds is lower than 70%-80% of the conversion price for about 30 days, they will be forcibly redeemed.
1. There are two redemption methods for convertible bonds. The first is the redemption of bonds at maturity, from which investors will get a lot of profits. Second, the compulsory redemption of convertible bonds is caused by the convertible bond price exceeding the conversion price by more than 130%. Generally speaking, when the conversion price exceeds 130%, the listed company can start the early redemption of convertible bonds, forcing investors to carry out debt-to-equity swap. So investors need to be more careful at this time.
Generally speaking, the issuance of convertible bonds by listed companies is a means of financing. They also issue convertible bonds in the hope that the holders will be converted into shares and the creditors will become shareholders, so that they don't have to take money to redeem the bonds. However, if the convertible bonds increase too much after listing, then listed companies can only redeem them according to relevant requirements, so this forms the redemption of convertible bonds.
3. Stock is a kind of securities, which is a certificate issued by a joint stock limited company to prove the shares held by shareholders. Shareholders are the owners of the company, and are limited to their share of capital contribution, taking risks and sharing profits.
4. Stocks have the following four attributes: first, stocks are valuable securities, reflecting the rights of stock holders to the company; Second, stocks are warrants. Stock represents the rights of shareholders, and when the company's shares are transferred, the rights and interests of the company's shareholders are also transferred; Third, stocks are essential securities, and the contents and matters recorded should comply with the provisions of the law; Fourth, stocks are securities. Stocks can be traded in the stock exchange market according to law.
5. There is a commission (handling fee) for buying and selling stocks, and the commission for buying and selling is determined by the securities companies themselves (the highest is three thousandths of the transaction amount, the lowest is not limited, and the lower the better. ), which is generally 0.05% of the transaction amount. If the commission is insufficient, 5 yuan will be charged according to 5 yuan. Stamp duty is charged for buying and selling stocks: one thousandth of the transaction amount (it used to be 3‰, and the stamp duty was lowered in 2008, and one thousandth was charged unilaterally).
I hope I can help you.