Customers can directly purchase newly issued bond fund products. When the general bond fund products were first issued, the issue price was relatively low. At this time, investors subscribe for newly issued bonds, which is called making new bonds. When subscribing, investors who can buy bonds will be selected by drawing lots, that is, winning lots;

Successful investors buy bonds at the issue price of bonds, and the cost is very small. After selling bonds, they can get higher returns. However, the new bonds will generally not fall below the face value after listing, and there is almost no loss. Therefore, there are generally many investors who make new debts.

In addition, generally speaking, the lower the premium rate of new debt, the smaller the probability of breaking it. In fact, the valuation of convertible bonds can be judged by its premium rate. Generally, the higher the premium rate of convertible bonds, the lower the value of convertible bonds, and the greater the probability of breaking after listing.