BANK OF SUZHOU(002966) 证券时报网·2025-02-23 18:11Redemption Overview - The conditional redemption of "Su Hang Convertible Bonds" was triggered as the stock price of Suzhou Bank has been above 130% of the conversion price for 15 trading days from December 12, 2024, to January 21, 2025, reaching 8.05 yuan per share [3][4] - The board of directors approved the early redemption of all outstanding "Su Hang Convertible Bonds" on January 21, 2025 [3][4] Redemption Terms - The redemption price is set at 101.35 yuan per bond, which includes interest and tax [5][6] - The calculation of the accrued interest is based on the formula: IA = B × i × t / 365, where B is the total face value of the bonds held, i is the annual coupon rate, and t is the number of days from the last interest payment to the redemption date [5][6] Redemption Schedule - The redemption registration date is March 6, 2025, with the redemption date on March 7, 2025 [9] - Trading of "Su Hang Convertible Bonds" will cease on March 4, 2025, and conversion will stop on March 7, 2025 [9][10] - The funds will be credited to the bondholders' accounts by March 14, 2025 [9] Tax Implications - Individual investors are subject to a 20% tax on interest income, resulting in a net redemption amount of approximately 101.08 yuan per bond after tax [11][12] - Qualified foreign institutional investors are exempt from corporate income tax on interest income, maintaining the full redemption amount of 101.35 yuan [12] Additional Information - The last trading day for the convertible bonds will be referred to as Z Su Convertible Bonds [10] - The company will publish a redemption results announcement and delisting notice within seven trading days after the redemption [10]