Wuzhou Special Paper(SH:605007) Shang Hai Zheng Quan Bao·2025-11-30 19:12Key Points - The company will start paying interest on its convertible bonds, "特纸转债," from December 8, 2025, for the period from December 8, 2024, to December 7, 2025 [2][12] - The total issuance amount of the convertible bonds is RMB 670 million, with 6.7 million bonds issued at a face value of RMB 100 each [2][3] - The bond has a six-year term, from December 8, 2021, to December 7, 2027 [3] - The interest rates for the bonds increase annually, starting from 0.30% in the first year to 2.00% in the sixth year [4] - The annual interest payment will be made once a year, with the first payment scheduled for December 8, 2025, and the interest amount per bond will be RMB 1.50 (including tax) [4][12] - The bond's initial conversion price is RMB 18.50 per share, with the latest conversion price adjusted to RMB 13.65 per share [8] - The company's credit rating is "AA" with a stable outlook, and the bonds also hold an "AA" rating [9][10] - The company has provided a guarantee for its subsidiary, 五洲特纸（江西）, for a loan not exceeding RMB 150 million, ensuring it does not exceed the approved guarantee limit [19][20] - The total amount of guarantees provided by the company and its subsidiaries is RMB 840.23 million, which is 237.94% of the latest audited net assets attributable to shareholders [24]