The issuance period of BOC bonds is 6 years, and the rating of United Credit Rating Co., Ltd. is AAA/AAA, with a face value of 65,438+000 yuan. From the first year to the sixth year in coupon rate, it was 0.2%, 0.4%, 0.6%, 1.0%, 1.8% and 2% respectively, and the redemption price at maturity was par value.

Based on the yield to maturity 3.57 10%(2022/3/22) of six-year AAA corporate bonds, the value of pure bonds is 96.65 yuan, the YTM corresponding to pure bonds is 2.98%, and the debt bottom protection is general.

At present, convertible bonds have the highest AAA rating, with annualized yield at maturity 1.62%, strict downward adjustment clause (80%), PB 1.28, little downward adjustment space and no resale clause. The securities bond market is more popular and the premium is higher. The company is a traditional large-scale brokerage firm, with a bull-bear thermometer, which is flexible and its valuation is at a historical low. The concepts of traditional brokers and North Exchange.

For the above contents, please refer to Baidu Encyclopedia-BOC Convertible Bonds to Enhance Bond Securities Investment Fund.