Zheng Quan Zhi Xing·2025-07-29 16:18Core Viewpoint - The company, Green Power Environmental Group Co., Ltd., has issued a public offering of convertible bonds, with a total amount of 2.36 billion yuan, to enhance its capital structure and support its business operations [3][4][19]. Group 1: Bond Issuance Details - The total amount of the convertible bonds issued is 236 million yuan, with each bond having a face value of 100 yuan [4][6]. - The bonds have a maturity period of 6 years, from February 25, 2022, to February 24, 2028 [6]. - The coupon rates for the bonds are set progressively, starting from 0.20% in the first year to 2.00% in the sixth year [6][7]. Group 2: Conversion and Redemption Terms - The initial conversion price for the bonds is set at 9.82 yuan per share, subject to adjustments based on various corporate actions [8][10]. - The conversion period for the bonds is from September 5, 2022, to February 24, 2028 [7]. - The company has the right to redeem the bonds at 109% of the face value after the maturity period or under certain conditions during the conversion period [12][13]. Group 3: Use of Proceeds - The proceeds from the bond issuance, after deducting issuance costs, will be allocated to specific projects as outlined in the fundraising plan [16][17]. - The company may adjust the investment projects based on the actual amount raised and the operational situation [17]. Group 4: Price Adjustment Mechanism - The conversion price will be adjusted in accordance with the company's profit distribution and other corporate actions, ensuring that the interests of bondholders are protected [18][19]. - The adjustment of the conversion price due to the distribution of cash dividends will result in a new conversion price of 9.15 yuan per share, effective from July 30, 2025 [19].