Do current convertible bonds still have foreseeable investment value?

2026-03-30 13:33:39

Today, March 30, 2026, the median premium conversion amount is about 134 yuan, and the median premium rate is about 34%. Take a look at the conversion amounts of those that strongly redeemed and graduated over the past year—the median is around 150 yuan, give or take, but there is uncertainty, such as not being able to graduate and repay at maturity, and “debt-restructuring-style” poor students graduating.
In such a market, how do you view the investment value of convertible bonds with predictable returns? Is the cost-effectiveness of continuing to hold still good?

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