Fangda Special Steel Technology Co., Ltd.募集说明书（申报稿）
This document is the application draft prospectus (申报稿) of Fangda Special Steel Technology Co., Ltd. for a public issuance of convertible corporate bonds to unspecified investors. The cover page lists the company's stock abbreviation 方大特钢, its stock code 600507 and its address in the Nanchang High-tech Industrial Development Zone, and names the sponsor and lead underwriter. The dated cover indicates May 2023.
The extracted pages contain the statement section, the important matters notice and the risk factors. These cover the credit rating assigned by China Securities Pengyuan Credit Rating Co., Ltd. (issuer rating AA+ with a stable outlook, and the same AA+ rating for the bonds), the fact that the bonds carry no guarantee, and detailed risks related to the convertible bonds themselves — dilution of earnings per share and return on net assets, failure to convert, price volatility, rating changes, interest rates, payment of principal and interest, and uncertainty over the downward revision clause for the conversion price. Risks concerning the issuer include environmental protection policy, steel product price fluctuation, raw material and fuel cost fluctuation, and falling demand from downstream industries such as real estate, infrastructure and automobiles. This manual is written in Chinese.
China Securities Pengyuan Credit Rating Co., Ltd. rated the issuer Fangda Special Steel AA+ with a stable outlook, and rated the convertible corporate bonds AA+ as well.
No. The document states that this public issuance of convertible corporate bonds to unspecified investors carries no guarantee.
The cover page lists the stock abbreviation 方大特钢 and the stock code 600507.
According to the risk section, the company's products are mainly used in real estate, infrastructure and the automobile industry.