Core Viewpoint - The company, Shanxi Meijin Energy Co., Ltd., announced the payment of interest for its convertible bonds, "Meijin Convertible Bonds," which will occur on April 21, 2025, at a rate of 8.00 CNY per 10 bonds [2][12]. Group 1: Bond Details - The "Meijin Convertible Bonds" were issued on April 20, 2022, with a total issuance of 35,900,000 bonds, amounting to 3.59 billion CNY [5][6]. - The bonds have a maturity period from April 20, 2022, to April 19, 2028, with a conversion period from October 26, 2022, to April 19, 2028 [6]. - The interest rates for the bonds are structured to increase over the years, starting from 0.30% in the first year to 3.00% in the sixth year [3][6]. Group 2: Interest Payment Information - The interest payment for the third year will be based on a coupon rate of 0.80%, with the payment date set for April 21, 2025 [12]. - The record date for bondholders to receive the interest is April 18, 2025, and the ex-dividend date is also April 21, 2025 [12][14]. - The actual interest received by individual investors will be 6.40 CNY per 10 bonds after a 20% withholding tax, while qualified foreign institutional investors will receive the full amount of 8.00 CNY [12][16]. Group 3: Taxation and Payment Process - The company will not withhold taxes for bondholders; instead, individual bondholders are responsible for their tax obligations [15]. - The interest payment will be processed through the China Securities Depository and Clearing Corporation Limited, Shenzhen Branch, which will distribute the funds to the designated accounts of bondholders [14].
山西美锦能源股份有限公司可转换公司债券2025年付息公告