Judging from the subscription data, the bond grade of Huahong convertible bonds is AA, which is good; The distribution scale is 5150,000, which is relatively small. The condition for lowering the conversion price is that "in any continuous 30 trading days, the closing price of the company's stock is at least 15 trading days lower than 85% of the current conversion price", and the downward adjustment condition is more stringent; There is a resale clause.

The stock closing price of Hua Hong Science and Technology {002645} in the latest trading day (65438+February 1) is 16.29 yuan, the conversion price is 15.65 yuan, and the conversion value is 104.09 yuan. The conversion value is higher.

Hua Hong convertible bonds have a maturity of 6.000 years, and the total amount received at maturity is 65,438+0,265,438+0.90 yuan, which is 3.36% in coupon rate and higher in coupon rate. Taking convertible bonds as pure debt, assuming the annual interest rate is 4%, the cash value of convertible bonds is 96.34, and the pure debt value is higher.

company profile

Jiangsu Huahong Technology Co., Ltd. is a high-tech enterprise specializing in manufacturing processing equipment for renewable resources. At present, it has 9 wholly-owned and holding subsidiaries (Jiangsu willman Technology Co., Ltd., Jiangsu Naxin Heavy Industry Machinery Co., Ltd., Beijing Huahong Renewable Resources Utilization Co., Ltd., Suzhou Huazhuo Investment Management Co., Ltd., Ji 'an Xintai Technology Co., Ltd., Jiangxi Wanhong High-tech Materials Co., Ltd., Donghai Huahong Renewable Resources Co., Ltd., Qian 'an Juli Renewable Resources Recovery Co., Ltd. and Ganzhou Huazhuo Renewable Resources Recovery Co., Ltd.). It involves renewable resources, equipment and operation, elevator parts, and comprehensive utilization of rare earth waste.