Research on the Financing of Convertible Bonds in Public Utility Industry: A Case Study of Jiangnan Convertible Bond

With the maturity of China's capital market, the financing tools available are becoming more and more diversified. As an innovative financial instrument, convertible bond has attracted much attention in the market. Based on this, this paper makes a descriptive statistical analysis of 18 convertible bonds of public utilities industry listed on the Shanghai and Shenzhen main board from 2002 to 2018, and takes Jiangnan convertible bond as an example to analyze the financing cost, market response and financial performance. Last, it draws a conclusion and puts forward some suggestions for the financing of convertible bonds, so as to provide reference for the development of Convertible bonds in the future.