FINANCIAL STREET(SZ:000402)2024-07-10 08:40Investment Rating - The report does not explicitly provide an investment rating for the company Core Insights - The company has issued bonds with a fixed interest rate of 3.08% for the first three years, which will be adjusted to 1.00% for the last two years of the bond's term [5][14] - Investors have the option to sell back their bonds at a price of RMB 100.00 per bond during the designated resale period [2][8] - The resale period is set from July 12, 2024, to July 18, 2024, and the funds from the resale will be credited to investors' accounts on August 9, 2024 [3][28] Summary by Sections Bond Interest Rate Adjustment - The bond's interest rate will be reduced by 208 basis points after the third year, resulting in a new rate of 1.00% for the final two years [14] - The bond's interest payments for the first three years will remain at 3.08% [5][14] Resale Mechanism - Investors can choose to partially or fully sell back their bonds during the resale registration period [7][26] - The resale application is irrevocable once submitted [27] - The company will not resell the bonds after the buyback [16][21] Payment Arrangements - The payment for the resold bonds will be processed through the China Securities Depository and Clearing Corporation [11][28] - Interest for the resold bonds will be calculated based on the original interest rate of 3.08% until the end of the third year [21]