Is the debt allocation to buy or sell?

Stock debt distribution is a financing behavior. It means that investors who hold the shares of this company have the priority to buy the bonds of this listed company. On the day of subscription, investors only need to have cash in their accounts, enter the entrustment code to obtain convertible bonds, and at the same time, the cash in their accounts will become "XXX convertible bonds". If you don't operate the above procedures, it means that you didn't buy "so-and-so convertible bonds" and the account shows "so-and-so convertible bonds".