Is it good or bad for exchangeable corporate bonds to enter the exchange period?

Legal analysis: Exchangeable bonds, also known as "bonds that can exchange shares of other companies", refer to corporate bonds issued by shareholders of listed companies who mortgage their shares to custodians. It is usually bad for exchangeable corporate bonds to enter the conversion period.

An issuer applying for the listing of exchangeable bonds in this Exchange shall meet the following conditions:

(a) approved by the China Securities Regulatory Commission and publicly issued;

(2) The term of the bond is more than one year;

(3) The actual issue amount is not less than 50 million yuan;

(4) It still meets the statutory conditions for issuing exchangeable bonds when applying for listing; (5) Other conditions stipulated by this Exchange.

Legal basis: Article 155 of the Company Law of People's Republic of China (PRC). After the application for issuing corporate bonds is approved by the department authorized by the State Council, the method for raising corporate bonds shall be announced. The measures for raising corporate bonds shall specify the following main items:

(1) Name of the company;

(2) the purpose of the funds raised by bonds;

(3) The total amount of bonds and the par value of bonds.

(4) How to determine the bond interest rate;

(5) The time limit and method for repaying the principal and interest;

(6) Bond guarantee;

(7) The issue price and date of the bonds;

(8) The net assets of the company.

(9) The total amount of corporate bonds issued but not yet due.

(10) Corporate bond underwriting institutions.