从连续融资理论看分离式可转换债券在公司融资中的作用

Study on the Effect of Equity Warrant Bonds to the Financing of Company Based on Sequential Financing Hypothesis

本文根据连续融资理论,分析了分离式可转换债券在公司融资中的作用。并结合中信国安公司利用分离式可转换债券融资的案例,指出分离式可转换债券有利于中信国安公司未来有价值投资期权项目的融资。

This article, based on sequential financing hypothesis, analyses the function of equity warrant bonds in the financing of company, and by taking the equity warrant bonds financing of CTTIC GUOAN GROUP for example, the research discovers that the equity warrant bonds have the value to invest in the option project in the future financing.