When will Dongcai’s bonds be listed?

It is estimated to be launched in January, but the specific launch time is not yet known.

It is understood that the share conversion value of Dongfang Wealth is: 95.25 yuan, the online subscription date for Dongcai Bond is December 20, and the date for the announcement of the winning number of Dongcai Bond is December 22. Investors can directly open the trading software, enter the purchase page, enter the subscription code 370433, and the information about the convertible bonds will be automatically displayed. Then follow the prompts and subscribe at the highest price (large enough to buy). Each account can only subscribe once, and once the order is subscribed, it cannot be canceled. Multiple subscription orders from the same account, except for the first subscription, will be regarded as invalid subscriptions. If an investor has multiple accounts, only the subscription for the first account is valid.

Doncai’s bond issuance rating is AA. Calculated based on the 6-year AA ChinaBond corporate bond YTM4.27, the pure bond value is 85.77 yuan and the YTM is 1.70. It entered the conversion period 6 months after the issuance. The initial conversion price was 15.78 yuan. The closing price last Thursday was 16.01 yuan, and the initial parity price was 101.46 yuan. As for the terms, there is a downward revision clause of 80 on 15/30, a conditional redemption clause of 130 on 15/30, and a put-back clause of 70 on 30/30.