Can the new bonds be sold on the first day of listing?
New bonds can be sold on the first day of listing, in the same way as selling stocks, and can be entrusted for sale during trading hours. Moreover, like futures and options, new bonds can be bought on the same day and the trading rules of T+0 are implemented, which is the biggest difference between them and stocks.
According to the trading rules, the convertible bonds are T+0 cycle trading and T+ 1 fund settlement. You can buy and sell convertible bonds as long as you have a stock account. Stock 1 hand is 100 shares, and bond 1 hand is 10 shares. Regardless of stocks or bonds, the numbers entered in the trading system are based on the number of shares or sheets, not the number of hands. But the quantity displayed in the quotation software is based on the number of lots.
There is no limit on the price of new bonds on the first day of listing, but there is a breaking mechanism, that is, when the bond price rises by more than 20%, it will be suspended for 30 minutes. If the increase exceeds 30% on the first day, it will take some time to suspend trading before resuming trading.
What is the best time to sell new bonds when they are listed?
If the income of new debt reaches the expected income, it can be sold. If there is a loss in the new debt, you can set a stop loss point. New debt may not make money, mainly when it is listed and traded. There may be profits and losses, and the income cannot be fully guaranteed. Historically, the probability of profit of convertible bonds is greater than the loss.
After reading the above introduction, I believe you have a good understanding of whether the new bonds can be sold on the first day of listing. Although the subscription of new bonds is the same as the subscription of new shares, the strategies and systems after listing are different. If you subscribe for new bonds, you can see their trend and decide when to sell them after listing.