Data:2009-12-12 2:34
Category: Money tips Release Date: 2005-12-15
Tangganggufen Xuan in the successful integration of steel and bearing steel, the more up the country's second largest iron and steel enterprises, with total reserves of more than 4 billion tons-owned mine, in the context of undervalued will be the main funding approval.
Currently on the market there is a new variety of transactions - detachable trading convertible bonds, which are essentially corporate bonds with warrants. Tangshan Iron and Steel intends to release no more than 30 million separate transactions, convertible bonds. Among them, bonds, duration is 6 years, maturity debt service payments; additional subscribers each bond can be distributed free of charge access to the company no more than 15 warrants, warrants duration of 24 months, the ratio of the right line 1:1, the holder of the right duration of the last five trading days of the right line. From the three detachable convertible bonds have been issued in the circumstances, there may be a larger space for arbitrage. If the date of registration of shares to buy and in the resumption of trading closing price (IPO) is the second trading day sell shares, bonds and warrants. 3 subject to the weighted average capital receipts amounted to 4.07%. This is a lack of funds in most cases, to obtain a trading weeks, and its yield is much higher than the new share subscription rate of return, can be regarded as a less risky fixed-income variety.
Combination of two actual market trend analysis, the release announcement before the stock is right to have a larger trend in looting, from the stock 10 trading days before the registration total or point of view, Sinochem International rose 10%, Maanshan Iron and Steel rose 13%, the new钢钒上涨6%，均超过大盘同期涨幅?/span> It can be seen on the plans to issue convertible bonds detachable for an ambush early varieties to carry out arbitrage is a better return. Tangshan Iron and Steel detachable convertible bond transactions through the company's board of directors has considered worthy of attention to their issue date, arbitrage investments. Secondary market by holding 81 Baosteel Iron & Steel news stimulation, the recent soaring price of steel 81, the most recent 7 trading days up 35% Tangganggufen as a dynamic city to win the current rate of less than 8 times the iron and steel shares, the value of a serious underestimate, afternoon break is expected to form a limit-up, concerns.
