SPD BANK(600000) 证券之星·2025-04-02 13:31Core Viewpoint - Shanghai Pudong Development Bank has announced the results of its convertible bond conversion, indicating a low conversion rate and a significant amount of unconverted bonds remaining [1][2][5]. Group 1: Convertible Bond Issuance - The company issued 50 million convertible bonds with a total value of RMB 500 billion, each with a face value of RMB 100, and a maturity of 6 years [1][2]. - The bonds began trading on November 15, 2019, under the name "浦发转债" and code "110059" [2]. Group 2: Conversion Details - As of March 31, 2025, a total of RMB 1,440,000 of the convertible bonds have been converted into common stock, resulting in 98,599 shares, which is only 0.0003% of the total common shares issued prior to conversion [2][5]. - The conversion price was adjusted from RMB 13.24 to RMB 12.92 per share following the distribution of cash dividends on July 18, 2024 [2]. Group 3: Remaining Convertible Bonds - As of March 31, 2025, the amount of unconverted convertible bonds stands at RMB 49,998,560,000, representing 99.9971% of the total issuance [3][5]. - In the first quarter of 2025, only RMB 9,000 of the convertible bonds were converted, resulting in 694 shares [5]. Group 4: Share Capital Changes - The total number of circulating ordinary shares increased from 29,352,178,302 to 29,352,178,996 due to the conversion of bonds [4].