江西宏柏新材料股份有限公司关于“宏柏转债”2025年付息公告

Core Viewpoint - Jiangxi Hongbai New Materials Co., Ltd. is issuing convertible bonds with a total amount of RMB 960 million, with a maturity of 6 years and a tiered interest rate structure [2][4][9]. Summary by Sections Bond Issuance Overview - The convertible bonds, named "Hongbai Convertible Bonds," will be issued on April 17, 2024, and will mature on April 16, 2030 [4][9]. - The total issuance amount is RMB 960 million, with each bond having a face value of RMB 100 [4][9]. Interest Rate Structure - The coupon rates for the bonds are as follows: 0.20% for the first year, 0.40% for the second year, 0.80% for the third year, 1.50% for the fourth year, 2.00% for the fifth year, and 2.50% for the sixth year [2][4][10]. Interest Payment Details - Interest will be paid annually, with the first interest payment scheduled for April 17, 2025 [3][5]. - The interest calculation formula is I = B × i, where I is the annual interest amount, B is the total face value held, and i is the applicable coupon rate [4][5]. Conversion Terms - The conversion period for the bonds starts on October 23, 2024, and ends on April 16, 2030 [6]. - The initial conversion price was set at RMB 7.51 per share, which has been adjusted to RMB 5.45 due to market conditions [7][8]. Credit Rating - The company has a credit rating of AA- for both the issuer and the convertible bonds, with a stable outlook [9]. Listing Information - The bonds will be listed on the Shanghai Stock Exchange on May 14, 2024 [9]. Tax Implications - Individual investors will be subject to a 20% tax on interest income, resulting in a net interest payment of RMB 0.16 per bond after tax [13].