The first batch of convertible bonds in the Year of the Horse has begun issuance, and new refinancing regulations may drive continuous market expansion
Due to the impact of the Spring Festival holiday, the convertible bond market only saw the issuance of one new convertible bond in February. However, the issuance of convertible bonds is expected to significantly recover in early March: on March 2, Union Precision Convertible Bond will start online subscription; on March 3, XHSY Convertible Bond will follow up with issuance. A researcher stated that the issuance speed of convertible bonds this year is significantly faster than last year, and with policy support and strong market demand, the future issuance scale of convertible bonds will be better than expected. (Shanghai Securities Journal)