This week, a total of 4 convertible bonds will be redeemed in advance!
Among them, the final conversion period of Dongcai Zhuan 3 and Aorui convertible bonds is just before the closing of the market today (February 28); The final conversion period of Tongde convertible bonds and Baichuan convertible bonds will be before the market closes tomorrow (March 1).
As of February 27, the total balance of the four bonds exceeded 3.8 billion yuan.
The last stop loss opportunity of stock conversion must be grasped.
loss up to 56%
Following the early redemption of four convertible bonds such as biyin convertible bonds last week, the strong redemption tide continued this week, and four convertible bonds were redeemed in advance, including Dongcai convertible bonds 3 and Aorui convertible bonds on February 28, Tongde convertible bonds and Baichuan convertible bonds on March 1.
This means that the four convertible bonds will enter the final trading period. After the redemption registration date, the trading of the four convertible bonds will be suspended successively for redemption. After the redemption is completed, they will be delisted from the exchange.
At present, the current market price of the four convertible bonds is much higher than the redemption price. If the transaction or share conversion has not been completed on the date of redemption registration, investors may face large investment losses.
Prepared by: lianrun
According to the latest closing price, if investors do not convert shares or sell them in time, Baichuan convertible bond holders will bear large losses, with losses as high as 56%!
there are still many investors who have not converted shares
In the past, when convertible bonds were redeemed in advance, investors often suffered losses because they forgot or didn’t know to convert shares or sell them. For example, the first convertible bond redeemed in advance this year, Binhua convertible bond, was still forcibly redeemed at the time of forcible redemption. The forcible redemption price of Binhua convertible bond was 100378 yuan, while the final price before delisting was 169.2 yuan, and those who were forcibly redeemed would lose 40%.
This scene may continue this week.
Data show that as of the 27th, the balance of four convertible bonds exceeded 3.8 billion yuan. Among them, the balance of Dongcai transfer 3 is the largest, with 3.666 billion yuan; Tongde convertible bonds have the highest proportion of non convertible shares. March 1 is the redemption registration date, and more than 45% of investors have not yet converted shares on March 27.
Please relevant bondholders to act quickly!
pay attention to the convertible bonds of undervalued growth sector
Last week, the convertible bond market stopped falling and rebounded. According to the data, the CSI convertible bond index rose 0.4% to 422.4 points.
Haitong Securities Company Limited(600837) fixed income chief analyst Jiang Peishan analyzed that the convertible bond market experienced twists and turns in February and rebounded after the mid month valuation was compressed. Last week, affected by the conflict between Russia and Ukraine, the market callback, the premium rate rose passively, and there was speculation on individual bonds again. The turnover rate of some individual bonds was very high.
After experiencing a sharp fall, stop falling and rebound, what will be the future market of convertible bonds?
Everbright Securities Company Limited(601788) fixed income chief analyst Zhang Xu said that with the gradual recovery of the A-share market, investors’ risk appetite will gradually improve. In the short term, the situation in Russia and Ukraine is not clear, and there is a great possibility of market shock in the A-share and convertible bond market. In terms of strategy selection, it is recommended to pay attention to the growth sector convertible bonds with undervalued value. For the convertible bonds with convertible bond prices around 120 yuan to 130 yuan, moderate conversion premium rate and annual report performance exceeding expectations, we should do a good job in mining new bonds.
Guotai Junan Securities Co.Ltd(601211) fixed income chief analyst Qin Han believes that at present, the valuation of the convertible bond market has returned to the high level, and the selection of convertible bonds still needs to focus on defense, grasp the premise of relatively low price (less than 130 yuan) and relatively low conversion premium rate, and select safety varieties and high prosperity varieties on the subject, so as to balance the allocation value and growth industry Relevant report
It’s urgent! If you don’t do this in the last four hours, you will lose 10%! There are still 3.6 billion “lying flat”?
