Customers can purchase newly issued bond fund products directly.

When general bond fund products are first issued, the issuance price is relatively low.

At this time, investors subscribing for newly issued bonds are called new bonds.

During the subscription, investors who can buy the bonds will be drawn by lottery, that is, they win the lottery; successful investors purchase the bonds at the bond's issuance price at a very small cost.

By selling the bonds, they can earn a higher return.

However, new bonds generally will not fall below their face value after they are listed, and there will be almost no losses.

Therefore, there are generally many investors in new bonds.

In addition, generally speaking, the lower the premium rate of new bonds, the smaller the probability of a breakout.

In fact, the valuation of convertible bonds can be judged by its premium rate.

Generally, the higher the premium rate of convertible bonds, the lower the value of convertible bonds, and the greater the probability of a breakup after listing.