China Naming Network - Eight-character Q&A - What does the registration date of convertible bonds mean?

What does the registration date of convertible bonds mean?

The registration date refers to the deadline set by the board of directors to register the list of shareholders entitled to receive dividends. The base date of convertible bonds, in layman's terms, means that investors can get the right to place new bonds as long as they hold company shares at the close of the base date of convertible bonds.

The preferential placement of convertible bonds refers to the act of seizing the right to purchase shares before the issuance of convertible bonds (registration date), obtaining the right to place new bonds, and paying in advance (without drawing lots) to obtain newly issued convertible bonds.

The fundamental reason for participating in the right-grabbing placement of convertible bonds is the contradiction between the increasing demand for new convertible bonds by convertible bond enthusiasts and the unbalanced rate of online subscription.

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