Convertibles have a lower coupon rate that non-convertible debt, but they offer investors a chance for capital gains in exchange for the lower coupon rate.
可转债的票面利率低于一般公司债,并为投资人提供机会从换股中获得资本利得。
3
In the 43 sub-items in 2004, convertible and basically convertible items accounted for 40%, non-convertible and basically non-convertible items accounted for 60%.