年内第4只！注意了，不及时操作或亏损超35%

Core Viewpoint - Nanjing Bank's convertible bonds have triggered early redemption conditions, leading to their exit from the convertible bond market, following similar actions by Chengdu Bank, Suzhou Bank, and Hangzhou Bank [1][2][4] Group 1: Early Redemption Announcement - Nanjing Bank announced on June 9 that it would exercise its early redemption rights for its convertible bonds due to the bonds triggering conditional redemption clauses as outlined in the offering prospectus [1][2] - The bonds will be redeemed at face value plus accrued interest, with the current trading price at 137.998 yuan per bond, indicating potential losses exceeding 35% for investors who do not act promptly [2][4] Group 2: Market Implications - The ongoing reduction in the number of bank convertible bonds is leading to a scarcity of high-quality convertible bonds, which may result in a more severe "asset shortage" for fixed-income funds and wealth management products [1][8] - As several bank convertible bonds exit the market, the remaining high-rated convertible bonds are becoming increasingly scarce, with only 10 remaining in circulation, further tightening the market [8] Group 3: Investor Considerations - Investors holding Nanjing Bank's convertible bonds have limited options: they can either trade in the secondary market or convert at the adjusted conversion price, or face forced redemption at 100 yuan per bond plus accrued interest [2][4] - The market is expected to see a significant amount of bank convertible bonds, approximately 1 trillion yuan, converting into equity this year, which will further impact the supply and demand dynamics in the convertible bond market [8]