TREE NEWS reports: A total of 43 convertible bonds in China’s A-share market have completed maturity redemption so far this year, a record for the period, Wind data shows. The figure compares with just 17 before 2016 and has climbed steadily since, reaching 35 in 2024 and 39 in 2025, as issuers increasingly forgo forced conversion amid high proportions of unconverted bonds. Large issues including Huahai, Luxshare and Jidong convertibles face maturity windows in early November.
China’s Convertible Bond Redemptions Hit Record 43 This Year
AI take
The steady climb in maturity redemptions points to a structural shift: issuers are increasingly unable or unwilling to engineer forced conversion, leaving more paper to be repaid in cash rather than converted to equity. That matters for balance-sheet liquidity at the issuers and for convertible-fund holders who had priced in equity optionality. The early-November windows for Huahai, Luxshare and Jidong are the near-term test of whether this redemption wave keeps accelerating.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
9m ago
Shanghai and Shenzhen margin balances fall 26.1 billion yuan in one day
26m ago
Australia September Private Sector Credit Rises 0.6% MoM, Beats 0.5% Forecast
26m ago
Australia Q3 PPI Rises 3.6% Year-on-Year, Unchanged from Previous
36m ago
China Exim Bank Issues 1-Year Bond Worth 1.5 Billion Yuan
39m ago
Iran says 3 ‘violating’ oil tankers hit mines in southern Hormuz
43m ago
SoftBank Group shares fall 5.7%