To the central content area
:::

Investors Q&A

Back Back to Index

 2.5. Others

 1. Is there any risk of bidding too high and winning the bid when bidding for convertible bonds?

Yes. The convertible bond auction is for the bidder to bid the issue price. The bidding method takes the highest bidder to win the bid first, and the winning price is based on the individual bid price until the bidding auction quantity is satisfied. The Securities Competitive Auction System (SCAS) will automatically check the bid price. If the bid price is higher than NT110, which indicates that the bid price may exceed the intrinsic value of the convertible bond, SCAS will pop up a warning message. If the bid price is higher than NT120, which indicates that the bid price may far exceed the intrinsic value, SCAS will request the bidder to re-enter the bid price. Since SCAS will not block out any bids, investors should be cautious about entering the bid price.

 2. Is there a bond yield/price conversion formula available?

Investors can go to the TPEx website > Bonds > Bond Trading Info. > Yield/Per-hundred Price Conversion, and input the yield or per-hundred price information to obtain the corresponding per-hundred price or yield of the bond they are interested in.

 3. In the event of a natural disaster, will it affect the interest payment I should receive?

In case the computer system breaks down in a natural disaster that causes delay in the settlement of interest payment, the actual settlement amount you receive may change due to more interest earned. 
Note: The English translation is for reference only. In case of any discrepancy between the English version and the Chinese version, the Chinese version shall prevail.