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    Home > Chemicals Industry > China Chemical > Jiangsu Thorpe issues 1.5 billion yuan of exchangeable corporate bonds

    Jiangsu Thorpe issues 1.5 billion yuan of exchangeable corporate bonds

    • Last Update: 2023-02-27
    • Source: Internet
    • Author: User
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    On April 19, Thorpe Group made an initial non-public offering of 1.
    5 billion yuan of exchangeable corporate bonds on the Shanghai Stock Exchange
    .

    The bond is based on the "Jiangsu Thorpe" stock, with a coupon rate of 0.
    5%.
    The final initial share conversion price is over 10% higher than the closing price of Jiangsu Thorpe on the day before the issuance announcement
    .

    During the bond issuance period, the company accurately and effectively maintained communication with market investors, determined the subscription intention, accurately grasped the window period, and completed the final issuance task in a close and orderly manner
    .
    There are various types of institutions participating in the subscription, including various types of investors such as bank wealth management, securities companies, fund companies, trust companies and private equity
    .
    In the end, the bond issuance was completed at 1.
    5 times the number of subscriptions
    .

    The successful issuance of the repayable bonds is an active exploration by Thorpe Group to achieve high-quality development with the help of capital market forces, which will help the company to further reduce financing costs, optimize the equity structure, improve the utilization efficiency of state-owned assets, and realize the preservation and appreciation of state-owned assets
    .

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