When a listed company issues convertible bonds, investors who hold the shares of this company have priority to get the subscription right, which is called placing. Investors can choose to place or not, and they can participate in the placing if they hold the shares of this company before date of record.

is the placement of convertible bonds a buying operation or a selling operation?

It can be bought or sold. No matter whether it is an ordinary account or a credit account, it is possible to operate the placement payment of convertible bonds, and it can be bought or sold at the time of operation. Because the trading direction of debt allocation is only an operation mode of debt allocation, it has no practical impact.

1 general account: it can be bought or sold;

2 credit account: collateral can be bought or sold.

how long will it take to deduct the debt?

after the successful declaration of Shenzhen debt distribution commission, the system will automatically deduct the money on the same day, reducing the available funds. On T+1, you can query the deduction record through the fund details;

after the successful declaration of debt allocation entrustment in Shanghai stock exchange, the system will freeze the payment funds on the same day, deduct the money on T+1 day, and query the deduction record through the fund details on T+2 day.

how much allotment can participants get?

is related to two factors. One is the allotment ratio, that is, how many convertible bonds can be allotted for each share. The higher the allotment ratio, the more convertible bonds can be allotted. The other is the number of shares held. The more shares you hold, the higher the quota will naturally be.

Payment can be made by using the funds available in the account, which can be obtained by selling stocks, redeeming real-time money funds or transferring funds through bank and securities. After the successful placement and payment of convertible bonds, the convertible bonds obtained can participate in the transaction after listing, and pay attention to the timing of selling.