Policy Spring Breeze "Sending Warmth", Convertible Bond Issuance Heating Up

Recently, the number of convertible bond issuance plans disclosed by listed companies has surged, with both the planned issuance quantity and scale increasing. As of April 7th, this year, 23 listed companies have announced convertible bond issuance plans, with a total planned issuance scale of 32.934 billion yuan. Among the convertible bond issuance plans disclosed by the 23 listed companies, Zhongke Shuguang, Zhongchuang Zhiling, and Shentong Express plan to issue a scale of no more than 8 billion yuan, 4.35 billion yuan, and 3 billion yuan respectively. Experts say that the implementation of the new refinancing regulations is the main driver of the increase in convertible bond plans, as the policies accurately loosen restrictions on science and technology companies and simplify the approval process, coupled with strong demand for financing in the technology industry, has significantly increased the willingness of high-quality companies to raise funds. In addition, the issuance pace of new securities has significantly accelerated, and the supply of convertible bonds is expected to moderately increase within the year.