分离交易可转债投资策略研究

Research in Investment Strategy of Warrant Bonds

分离交易可转债兼具债权和股权融资的特性,其理论价值包括纯债券价值和认股权证价值。在市场上,分离转债价格主要受权证价格变动影响。对于投资者而言,准确把握股票买入的时机是极其重要的。

Warrant bonds share the characteristics of creditor＇s rights and stock right financing, the theoretical value of which includes neat bond value and stock warrants value. In the market, warrant bonds are mainly influenced by the change of accepted bonds price. For investors, it is very important to grasp the chance of buying stocks.