Yutong Optics issues 6 billion yuan convertible corporate bonds with a term of 6 years. The coupon rate increases year by year, 0.30% in the first year, 0.50% in the second year, 1.00% in the third year, 1.50% in the fourth year, 2.50% in the fifth year, and 3.00% in the sixth year.
This document is a supplementary announcement regarding the issuance of convertible corporate bonds by Dongguan Yutong Optics Technology Co., Ltd. (Yutong Optics). The company has obtained registration from the China Securities Regulatory Commission to issue 60,000,000 yuan of convertible bonds to unspecified objects.
The document details the specific terms of the issuance, including the total scale of 60 million yuan, a face value of 100 yuan per bond, and a term of six years from August 11, 2023, to August 10, 2029. It outlines the interest rates, repayment methods, conversion periods, and specific clauses regarding price adjustments, redemption, and put-back rights. This manual is written in Chinese.
The total issuance is 人民币 60,000.00 万元, issued as 6,000,000 bonds.
The bonds have a term of six years, running from August 11, 2023 to August 10, 2029.
The annual coupon rates are 0.30% in year one, 0.50% in year two, 1.00% in year three, 1.50% in year four, 2.50% in year five, and 3.00% in year six.
The initial conversion price is 15.29 元/股 (yuan per share).