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On August 6, the semiconductor industry's convertible bond, the Weidao Convertible Bond, will commence online subscription. This issue carries a size of 1.17 billion yuan and boasts a credit rating of AA. Nevertheless, this issuance merely scratches the surface of the current imbalance between supply and demand in the convertible bond market. On August 5, the China Securities Convertible Bond Index soared to a ten-year high, reaching 465.23 points with a closing price of 465.12 points. Furthermore, the median price of convertible bonds edged closer to the significant threshold of 130 yuan. Despite the market undergoing adjustments, the majority of institutions remain confident that A-shares have demonstrated resilience, and the future potential of the underlying stocks and options associated with convertible bonds will uphold the current valuation.
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