Another convertible bond will be redeemed in advance.
After the market closes today (March 21), Dale convertible bonds will stop trading and share conversion, and the company will redeem the non convertible bonds at the price of 100004 yuan each. As of the closing of last Friday, the market price of Dale convertible bonds was 128.70 yuan. If the bondholders fail to convert shares in time, they may suffer a loss of more than 22%. Bondholders should seize the time to operate!
Source: announcement of listed companies
maximum loss or exceeding 22%
Changsha Dialine New Material Sci.&Tech.Co.Ltd(300700) recently issued several announcements, suggesting that it would redeem Dale convertible bonds in advance and reminding Dale convertible bond holders to convert shares within the time limit.
The announcement shows that the redemption registration date of Dale convertible bonds is March 21, 2022, and the redemption price is 100004 yuan each. Before the closing of the redemption registration day on the 21st, the holders of Dale convertible bonds can choose to continue trading in the bond market or convert them into shares of the company at the conversion price of 14.10 yuan per share.
It is worth noting that Changsha Dialine New Material Sci.&Tech.Co.Ltd(300700) specially reminds investors of the important risks of not being able to convert shares: "if the bondholders of Dale convertible bonds convert shares, they need to open the trading authority of gem. Investors who do not meet the requirements for the appropriateness management of GEM stocks and have not opened the trading authority of gem cannot convert their "Dale convertible bonds" into stocks.
After the market closes today, Dale convertible bonds that have not been converted into shares will be frozen and trading and conversion will be stopped. After this redemption, Dale convertible bonds will be delisted from the Shenzhen Stock Exchange.
Changsha Dialine New Material Sci.&Tech.Co.Ltd(300700) said that the redemption price of the convertible bonds may be quite different from the market price of Dale's convertible bonds, and specially reminded the holders to convert shares before or on March 21, 2022, otherwise they may face large investment losses.
According to the data, as of the closing on March 18, Dale convertible bonds fell 1.10% to close at 128.70 yuan. Based on this calculation, if investors do not convert shares or sell them in time and the convertible bonds are forcibly redeemed, they will lose 28.696 yuan per share, with a loss ratio of more than 22%.
According to the data, as of the closing on March 18, the balance of the convertible bond was 47 million yuan, and the proportion of non convertible shares was 22.18%.
and two convertible bonds will be redeemed in advance
In addition to Dale convertible bonds, there are also two convertible bonds that will usher in the last trading day, namely ningjian convertible bonds and Trina Solar convertible bonds.
Ningbo Construction Co.Ltd(601789) announcement shows that the redemption registration date of ningjian convertible bonds is April 11, and the redemption price is 100.46 yuan each. After that, ningjian convertible bonds will stop trading and share conversion; After the completion of this early redemption, "ningjian convertible bonds" will be delisted on the Shanghai Stock Exchange (redeem all convertible bonds issued outside).
The announcement also suggests that the redemption price of ningjian convertible bonds may be quite different from the market price before ningjian convertible bonds stop trading and share conversion, reminding bondholders to trade or convert shares in time. On March 18, the closing price of ningjian convertible bonds was 145.92 yuan, which is far from the redemption price.
Although the specific redemption time of Trina Solar convertible bonds has not been announced, the Trina Solar Co.Ltd(688599) announcement shows that before the closing of the redemption registration day, the holders of "Trina Solar convertible bonds" can choose to continue trading in the bond market or convert into shares of the company at the conversion price of 50.40 yuan / share. After the closing of the redemption registration day, the "Trina Solar convertible bonds" that have not been converted into shares will stop trading and conversion, and the company will forcibly redeem the bonds according to the face value of 100 yuan / piece plus the accrued interest of the current period.
convertible bond valuation slightly increased
Last week, the convertible bond market experienced great fluctuations. As of last Friday, the CSI convertible bond index rose 0.93% to 406.56.
Qin Han, chief analyst of Jun'an gushou, pointed out that convertible bonds significantly outperformed the positive stocks last week, and the growth of convertible bonds in real estate, military industry, construction and other industries was among the top.
"The convertible bond index rebounded at a low level and the valuation rose slightly". Jiang Peishan, chief analyst of Haitong Securities Company Limited(600837) fixed income, believes that the current market may fluctuate in a low and upward range, which should not be radical. It should focus on stability, but we can still gradually pay attention to the opportunities related to adjusting more targets and be vigilant about the redemption risk of core targets.
Everbright Securities Company Limited(601788) fixed income chief analyst Zhang Xu pointed out that the policy bottom has been clear, investors will strengthen their confidence in steady growth, and the market style will return to the track of steady growth and high growth. In the future, we can pay attention to the investment opportunities in the chain related to steady growth, such as convertible bonds in real estate, building materials and other related industries; The growth stocks of mainstream tracks are cost-effective, and convertible bonds related to photovoltaic, automotive electronics and wind power can be arranged.
