Bank of ChongqingMarch 20 Evening Release Seriesannouncement, officially launched the process of issuing convertible corporate bonds, and the bonds are referred to as “Chongyin Convertible Bonds”.It is reported that this releaseconvertible bondsThe total amount is 13 billion yuan, with a term of six years, that is, from March 23, 2022 to March 22, 2028.interest rate0.20% in the first year, 0.40% in the second year, 1.00% in the third year, 1.70% in the fourth year, 2.50% in the fifth year, and 3.50% in the sixth year.Convert stockThe price is 11.28 yuan per share.
According to the announcement, the convertible bonds will giveBank of ChongqingOriginal A sharesshareholderPre-emption rights.The number of Chong Yin Convertible Bonds that can be preferentially placed by the original A-share holders is their holdings registered following the market closes on the equity record date (March 22, 2022).Bank of ChongqingThe amount of convertible bonds that can be allocated is calculated according to the proportion of the convertible bonds with a face value of RMB 6.858 per share, and then converted into the number of lots at the rate of RMB 1,000 per lot. Placed 0.006858 lots of convertible bonds. The balance following the priority placement will be issued to public investors online through the Shanghai Stock Exchange trading system. The convertible bond-to-equity conversion period starts from the first trading day (September 29, 2022) six months following the end of its issuance (March 29, 2022) to the maturity date of the convertible bond (March 22, 2028, if it is a holiday, it will be postponed later).
Lianhe Credit has carried out a credit rating on the Chongyin Convertible Bonds. Its main credit rating is AAA, the rating outlook is stable, and the bond credit rating is AAA.
Bank of ChongqingSaid that all the funds raised from the issuance of convertible bonds will be used to support the issuance following deducting the issuance costs.Bank of ChongqingThe healthy development of various businesses in the future will be used to supplement the core tier-one capital of the Bank in accordance with relevant regulatory requirements following the convertible bonds are converted into shares. (Wang Yi)
(Article source: ShanghaisecuritiesNewspaper Chinasecuritiesnetwork)
