transaction cost
Shenzhen Stock Exchange: Investors should pay commissions to brokers, and the standard is 2‰ of the total turnover. If the commission is less than that in 5 yuan, it will be charged in 5 yuan.
Shanghai Stock Exchange: Investors entrust securities companies to buy and sell convertible corporate bonds. The handling fee for each transaction in Shanghai is RMB 65,438+0 yuan, and the handling fee for each transaction in other places is 3 yuan. After the transaction, when handling the delivery, the investor shall pay the commission to the brokerage firm, and the standard is 2‰ of the total transaction amount. If the commission is less than that in 5 yuan, it will be charged in 5 yuan.
? ? Convertible bonds are bonds that bondholders can convert into common shares of the company at the agreed price at the time of issuance. If the bondholders do not want to convert shares, they can continue to hold the bonds until the repayment period expires to collect the principal and interest, or they can be sold and realized in the circulation market. If the holder is optimistic about the appreciation potential of the issuing company's shares, he may exercise the right to convert the bonds into shares at a predetermined conversion price after the grace period, and the issuing company shall not refuse. The interest rate of this bond is generally lower than that of ordinary companies, and the issuance of convertible bonds by enterprises can reduce the financing cost. The holder of convertible bonds also has the right to sell the bonds back to the issuer under certain conditions, and the issuer also has the right to redeem the bonds under certain conditions.