摘要:自从我国2006年出台的《上市公司证券发行管理办法》中明确规定了分离交易可转债作为一种新的融资工具正式进入我国资本市场,在第一支分离交易可转债发行以来,不仅受到企业的大力支持,也让广大的投资者青睐不已,市场上反应强烈,融资规模急剧上升,这是它本身所拥有的特点所决定的,它弥补了普通可转债的不足之处,但同时是把双刃剑,在给融资方好处的同时,也有很多潜在的危险。本文正是从发行方在使用分离交易可转债时会产生的潜在危险入手,分析所能产生的风险,以及如何有效的防范风险,让融资方能更好的用好分离交易可转债所带来的优势。
关键词:分离交易可转债 融资 风险
Abstract: Since 2006 Chinese government listed companies the measures for the administration of securities issuance stipulates clearly the separation of trading convertible bonds as a new financing tool to formally enter the capital market in China, since the first separation of trading convertible bonds issued, not only by the enterprises vigorously support, also let the favor of investors, the market reaction is strong, and a sharp rise in financing scale, it has to do with it to the special features of itself, and it makes up for the deficiency of ordinary convertible bonds, but at the same time is a double-edged sword, at the same time of benefits to the financiers, also has a lot of potential danger. This article is from the issuer in the use of separation of trading convertible bonds would produce a potential danger of risk analysis will have, and how to effectively guard against risk, let financing in order to better use the advantages of good separation of trading convertible bonds
Key words: separation of trading convertible bond financing risk