发行公司如何防范可转换债券的风险□上海财经大学邢辉可转换债券是指债券持有人有权按照约定的价格（转换价格），在规定的期限内转换成公司普通股的债券。可转换债券（简称转券）作为一种较为新颖的中长期混合融资工具，它集认股权证和债券于一身。对发行公司而言，转换前属 Issuer How to Prevent the Risk of Convertible Bonds □ Shanghai University of Finance and Economics Xing Hui Convertible bonds refer to the bondholders have the right to convert into ordinary shares of the company within the prescribed time limit at the agreed price (conversion price). Convertible bonds (referred to as convertible bonds) as a relatively new medium-term and long-term hybrid financing tools, which set the warrants and bonds in one. For issuers, convert predecessors