信达证券买入100多亿元浦发转债

Group 1 - The core point of the news is that Cinda Securities has significantly increased its holdings in SPDB convertible bonds, acquiring over 11.78 million bonds, which represents 23.57% of the total issuance, potentially to assist SPDB in addressing its convertible bond conversion issues as the bonds approach maturity [1][5][3] - SPDB's convertible bonds, with a total issuance of 50 billion yuan, are set to mature in approximately four months, and the current bond balance is nearly unchanged at 49.997 billion yuan, indicating minimal conversion activity [1][5] - The market value of the acquired convertible bonds by Cinda Securities is approximately 13.252 billion yuan, reflecting a year-to-date increase of 3.17% in the bond's price [3][5] Group 2 - The conversion value of SPDB's convertible bonds is currently 105.418 yuan, with a conversion premium rate of 6.67%, suggesting that the bonds are not being converted into equity at this time [5] - Cinda Investment, a subsidiary of China Cinda, aims to stabilize financial risks and support the reform of state-owned banks and enterprises, which aligns with its recent investment strategy in SPDB [5] - A historical precedent exists where another asset management company, China Huarong, previously invested over 10 billion yuan in Everbright Bank's convertible bonds before maturity, which helped resolve similar issues for the bank [5]