The subscription multiple of a bond is calculated by dividing the total number of effectively subscribed bond shares by the total number of allotted shares. In fact, there is a minimum unit for bond issuance, and subscribers can only purchase an integral multiple of the minimum unit. This multiple is the subscription multiple.

For example: Subscribing new shares is in units of 1,000 shares. If you have enough funds in your account to subscribe for 2,500 shares, then you can only subscribe for 2,000 shares, and less than double the amount will not be counted. The Shenzhen stock market is in units of 500 shares, so you can subscribe for 2,500 shares.

Extended information

Stocks, futures, bonds, etc. are issued for 9 billion, but there are 9 billion*1.26 funds participating in the subscription, so the effective subscription multiple is 1.26 times, which is also the ratio to buy More are actually issued

The effective subscription multiple refers to the ratio of the actual purchase amount to the issuance amount.

The over-subscription multiple refers to the ratio of the amount of investors' actual participation in purchasing the company's stocks or bonds to the predetermined issuance amount when stocks or bonds are issued in the securities market.

For example, the Wanma Cable 002276 recently issued by the Shenzhen Stock Exchange had an online winning rate of 0.13% and was oversubscribed online by 750 times.

Jiarunduo 002277 was oversubscribed offline by 244.2 times.