Feng 21 Convertible Bond Analysis

The corresponding stock of Phoenix 21 Convertible Bond was New Phoenix (stock code: 603225).

Phoenix 21 Convertible Bond (113623) was a Convertible Bond issued by New Phoenix Group Co., Ltd. According to the regulations of the Shanghai stock exchange, Feng 21 Convertible Bond was listed and traded on the Shanghai stock exchange on May 7,2021 with the bond code of 113623. According to relevant documents, Feng 21 Convertible Bond can be converted into A shares of the company from October 14,2021, with an initial conversion price of 16.60 yuan/share. The scale of the bond issue was 2.5 billion yuan. Other than that, the search results did not provide any more information about the Phoenix 21 Convertible Bond.

Feng 21 Convertible Bond fell 0.57% on February 26, quoted at 114.718 yuan per piece. The conversion premium rate was 39.43%. However, these search results did not provide specific reasons or background information about the decline of Feng 21's bonds. Therefore, it was impossible to come up with a detailed explanation for the decline in Feng 21's bonds.

The listing price of the Phoenix 21 Convertible Bond was mentioned in document 1, document 2, and document 3. According to the information in document 1 and document 3, the purchase date of Feng-21 Convertible Bond was April 8th, and the closing price on the day before the purchase date (the equity registration date, April 7th, 2021) was 16.53. The current premium rate of Feng 21 Convertible Bond was-7.83%. According to the current market environment, similar AA-grade bonds, the quality of the stocks and other comprehensive factors, it was estimated that the listing price of Feng 21 Convertible Bond was 108.49 times 1.08, which was about 117. However, in document 2, it was mentioned that Xiao Peng gave a listing premium of about 8%, and a reasonable listing price was between 134 and 136. This was quite different from the predictions in documents 1 and 3. Based on the above information, the listing price of Feng 21 Convertible Bond was estimated to be between 117 and 136. However, due to the limited information provided by the search results, it was impossible to determine an accurate listing price prediction.

Phoenix 21 Convertible Bond was a Convertible Bond with an issue scale of 2.5 billion yuan and a rating of AA-grade. According to the analysis in the first document, the conversion value of Feng 21 Convertible Bond was 99.58 yuan, slightly lower than the current conversion price of 120.9 yuan. According to the second document, it was predicted that the conversion premium rate on the first day of listing of Feng 21 Convertible Bond would be in the range of 12%-16%, and the price would be 111-115 yuan. According to the eighth document, the premium rate of Feng 21 Convertible Bond was 0.42%, and the estimated opening price was 114 yuan. Based on this information, the purchase proposal of Feng 21 Convertible Bond was worth purchasing. However, due to the limited search results, it was impossible to provide a more detailed analysis and judgment.

Feng 21 Convertible Bond was a type of Convertible Bond, not a stock. Phoenix 21 Convertible Bond was issued by New Phoenix Group Co., Ltd., with the conversion code of 113623. It was listed in Shanghai on May 7,2021. The code of the main stock of the Convertible Bond was 603225, and the short name of the main stock was Xinfengming. The conversion price and conditions of the Phoenix 21 Convertible Bond may be adjusted according to the announcement. However, there was no information on the stock price of Feng 21's bonds or other relevant information. Therefore, the stock price of Phoenix 21 Convertible Bond or other stock-related information could not be provided.

Convertible bonds were a form of financing between debt and equity. It was a bond that could be converted into a listed company's stock. It had the advantages of bonds and stocks. The investor could choose to convert or hold the Convertible Bond according to market conditions. One of the advantages of a convertible-bond was that it avoided valuing the company, especially for start-ups, which could avoid the risk of shares being diluted. Convertible bonds were relatively flexible. They could be bought and sold on the same day, and there was no limit on the price. Convertible bonds could also enjoy the benefits of stocks and the security of bonds. The maturity yield of some of the Convertible Bond had already exceeded the market interest rate. Although there was no hope of converting these Convertible Bond shares into shares, the terms of the sale that were nearing maturity could also bring higher fixed income to investors. In general, the Convertible Bond was a valuable investment tool.

Titan Convertible Bond was a Convertible Bond for the Machinery Equipment, Special Equipment, and Clothing Equipment industry, issued by Titan. According to the data provided, the conversion premium rate of Titan Convertible Bond was 205.19%. On February 23, Titan Convertible Bond closed down 2.93% at 191.381 yuan per piece. According to the analysis of an article, Titan Convertible Bond was considered an excellent convertible-bond stock, with an estimated first-day profit of about 500 yuan. However, there was also the risk of Titan's debt being hyped up. Other than that, he did not provide any more information about Titan's debt.

There were several key points in the trading rules of the Convertible Bond: 1. Price limit: According to the new regulations, there are certain limits on the price of the convertible-bond transaction. On the first day of listing, the price limit was 57.3% and-43.3%. From the next day, the price limit was 20%. 2. Trading unit: The smallest trading unit of the Convertible Bond is "lot". One lot is equal to 10 Convertible Bond. 3. Investment threshold: According to the new regulations, participating in the convertible-bond transaction needs to meet certain entry requirements. New investors needed to have "2 years of trading experience +100,000 yuan in assets." 4. Trading time and method: Convertible bond transactions follow the trading time and method of the Shanghai and Shanghai Exchanges, including collective bidding and continuous bidding. 5. Price limit: According to the implementation rules, the price of the Convertible Bond is limited to the price of every 100 yuan of the bond, and the minimum change unit is 0.001 yuan. Please note that the above information is based on the search results provided and may not contain all the details. For more detailed or accurate information, please refer to the official release of the relevant Convertible Bond Trading Rules or consult the relevant professional institutions.

We can conclude that Huaya Convertible Bond rose by 2.0% on February 27th.