How to calculate the transaction cost of convertible bonds
Convertible bond is a bond that can be converted into other securities within a certain period of time. Since convertible bonds can be purchased at no market value, more and more people participate in convertible bonds trading. Bondholders can convert bonds into ordinary bonds of the company according to the agreed price at the time of issuance, and they can continue to hold them if they don't want to convert them. So, how to calculate the transaction cost of convertible bonds? How to calculate the transaction cost of convertible bonds? The fees charged for convertible bonds transactions include stamp duty exemption and handling fees, and the calculation method of procedures is the same as that for stock transactions. You can check your own account specifically. The default transaction fee for convertible bonds is two ten thousandths of the transaction amount, and the minimum charge is 1 yuan. If the transaction cost is less than 1 yuan, 1 yuan will be charged for Shenzhen convertible bonds, and there is no minimum charge. The interest rate of convertible bonds is generally lower than that of bonds of ordinary companies, and holders of convertible bonds can convert bonds into ordinary bonds. Similarly, the holder can also choose not to convert, and the holder can collect the principal and interest when the repayment is due, or sell it in the circulation market to realize it.