Data:2009-12-12 2:34
Category: Money tips Release Date: 2007-06-16
The so-called corporate bonds with warrants, a cross between hybrid between bonds and equities securities products in the bond plus warrants product portfolio, its holders within a certain period in accordance with the agreed price (exercise price) to subscribe for a certain the number of stock rights. Warrants attached to corporate debt issuance and the general issue of warrants, as including the exercise price, the right to subscribe for Gold, the exercise ratio, and the basic elements of the exercise period.
According to the company's debt warrants attached to the different approaches, but also can be divided into separate types and non-separation of two kinds, separation-based mainly in the form warrants at issue, although with the attached corporate bonds along with their distribution to the same investment people, but when the transaction is at the same time as two different products Exchange. Non-separation-type refers to the C of E can not be separated with the corporate debt issuance and circulation of the same survival time, the two always are one.
From the international market situation, in order to separate model-based, non-separated type have been rare. "Management Measures" provides that "attached to stock options in corporate bonds, corporate bonds and stock options were in line with stock exchange listing requirements, it should be traded," which in fact has made it clear, China's market distribution is attached to identify the separated type warrants bonds
