China Financial Corporation (03908) issued an announcement. According to the company's actual situation and current market environment, the company decided to keep the company private...
According to the Zhitong Finance App, CICC (03908) announced that according to the company's actual situation and current market environment, the company decided to lower the coupon interest rate for 2 years after the company's non-public offering of 2020 corporate bonds (for professional institutional investors) (type 2) (type 2) (type 2) (“20 China Gold F5” for short) by 249 basis points, that is, the coupon interest rate for Japanese bonds from December 14, 2023 to December 13, 2025 is 1.60% (simple interest is calculated on an annual basis, no compound interest).
The coupon interest rate for the first 3 years of the current bond term (December 14, 2020 to December 13, 2023) was 4.09%. At the end of the 3rd year of the current bond life period, the company chose to lower the coupon interest rate, that is, the coupon interest rate for the current bond was adjusted to 1.6% and fixed in the 4th and 5th years of the life period (December 14, 2023 to December 13, 2025). The current bond uses simple interest to accrue interest on an annual basis, without taking into account compound interest.