Can new bonds be sold after suspension on the day of issuance?

You won the bid to issue new bonds. Can I still sell it if I am suspended from the stock exchange on the day of listing? The answer is yes. If it is suspended by the stock exchange until the end of trading, call auction will be the same in the last three minutes, so there will be a closing price in the end.

There are two kinds of "innovation": "new shares" and "new debts". New shares refer to the stocks to be listed soon; New debt refers to convertible bonds that will be listed soon. However, the subscription of new shares requires a certain market value and holding time.

So I won't talk about new shares for the first time, but focus on new debts.

Convertible bonds, the full name of "convertible corporate bonds", are simply bonds that can be converted into stocks, which have both the attributes of bonds and stocks.

If the market is not good, you can collect the principal and interest when the debt expires, which is guaranteed, only losing money; If the market is good, it can be converted into stocks and enjoy the dividends and rising income of stocks, without capping.

In short, it can be understood as "bond+call option", which is favored by many small partners because it can advance, attack and retreat in the fluctuation of the market.

The new debt yield is very high! If each partner has no brains to fight and can fight, the total annual income can reach more than 9000 yuan! But the occupied capital does not exceed 6,543,800 yuan, and the annualized income exceeds 90%! Is it super exciting?

The actual winning situation is really unlikely to be so beautiful. Judging from our own winning probability, we can issue 3-4 new bonds on average, basically once.

Innovation is a market arbitrage policy, and timely withdrawal can improve the efficiency of capital turnover. If you have a lot of money, and the money has no other use in 2-3 years, you can actually hold it.

According to statistics, if you keep borrowing new bonds until the new bonds rise to the selling rules of convertible bonds, you will probably occupy the investment funds in 6 yuan about one year, which is too high and may not be a good choice for many small partners.

In addition, if it is held continuously, there will be certain requirements for the texture and value of convertible bonds, which requires small partners to learn relevant knowledge growth skills.

Therefore, the simplest and quickest way to "save the bag" is to sell it on the first day of listing.