The Research of Present Situation and Countermeasures for Use of Convertible Bond Financing-Convertible Bonds in Hebei Province as an Example

摘要

Since 1843 the United States Erie Railway Company is to issue the first New York only Convertible bond (hereinafter referred to as the convertible bond) began to, Convertible bond capital market in the world already on the history over one hundred year. And our country Convertible bond financing history is short, until the 1990s, with the stock market establishment. But the convertible bond has become China's listed companies in addition to match and secondary offerings available outside for funding "third carriages". During 2000-2010, the listed companies in China were issued 73 Convertible bond, accumulative total financing scale 145.76 billion Yuan; Among them, the hebei province three listed companies issuing Convertible bond, respectively is Hangang Convertible bond, Jinniu Convertible bond and Tanggang Convertible bond, was raised capital of 5.7 billion Yuan.