The investors who won the bid for the directional convertible bonds of Guotai Group are CITIC Prudential Fund, China Merchants Wealth, Western Securities, Zheshang Securities, Caitong Securities and COFCO Futures, all of which are large domestic Public Offering of Fund, securities companies and commercial banks.
Directional convertible bonds are issued in a directional way, which has the advantages of simplified issuance procedures and flexible terms, and can even help companies introduce powerful strategic investors.