Core Viewpoint - Sichuan Youji Industrial Co., Ltd. successfully completed its first targeted convertible bond issuance under the new registration system of the Beijing Stock Exchange, raising approximately 1.15 billion yuan after expenses [1][2]. Group 1: Convertible Bond Details - The convertible bonds have a face value of 100 yuan each, with a maximum issuance of 1.2 million bonds and a term of six years [1]. - The coupon rates are set at 0.20% for the first year, increasing to 1.70% by the sixth year, indicating a low-cost financing advantage [1]. - The initial conversion premium is set at 120%, and the conditional redemption ratio is 140%, which raises the conversion threshold for investors [1][2]. Group 2: Investor Participation - The bond issuance attracted 24 quality investors, including Nord Fund Management Co., Ltd. and Huaxin International Trust Co., Ltd., successfully meeting the financing needs [2]. - The total amount raised is 1.2 billion yuan, with a net amount of approximately 1.15 billion yuan after deducting related issuance costs [2]. Group 3: Use of Proceeds - The funds will be used for the intelligent flexible production line for valves and supporting facilities, as well as for high-end casting and processing projects [3]. - The projects are expected to achieve an annual production capacity of 25,000 oil and gas valves and 3,558 tons of castings [3]. - The implementation of these projects will enhance the company's production capacity for mid-to-high-end valves and castings, meeting the growing demand in downstream markets [3].
北交所首单!优机股份定向可转债项目顺利完成