The Specific Meaning of Convertible Bond Placement
The specific meaning of placing convertible bonds is that shareholders who hold a certain number of shares of listed companies can give priority to placing convertible bonds according to a certain proportion before the deadline in date of record. If you buy shares after the deadline, you can't have the right to place convertible bonds. Only those who buy on the date of registration have this right.
Please pay attention to the following points when placing convertible bonds:
1. Placement and subscription are almost the same, and both should be declared. If there is only a certain amount of money left in the account, it is impossible. Placing needs to be declared as well as subscription, and placing cannot be completed by reserving account funds;
2. When trading, first check the specific code. The two codes are different, so be sure to distinguish them carefully. The placing code is different from the subscription code and needs to be queried separately;
3. After the successful placement, the payment will be made on T day. Unlike subscription, if the application is successful, the funds in the card will be frozen within a certain period of time.