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Article: AXAC TO OFFER CNY 390MN CONVERTIBLE BONDS
- Article from:
- AsiaInfo Services
- Article date:
- April 1, 2004
CopyrightProvided by ProQuest LLC. (Hide copyright information)
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AsiaInfo Services
04-01-2004
AXAC to Offer CNY 390mn Convertible Bonds
MA'ANSHAN, Apr 01, 2004 (SinoCast via COMTEX) -- Anhui Xingma Automobile Co., Ltd. (AXAC, SHSE: 600375) announced on March 29 that the company would offer convertible bonds of CNY 390 million (USD 1= CNY 8.2774).
AXAC unveils that these convertible bonds will be offered at paper value with a maturity of five years.
The paper value of this issue of convertible bonds is CNY 100 and the company will offer no more than 3.9 million pieces.
The paper interest rates of these convertible bonds are 1.5 inthe first year, 1.8 in the second year, 2.0 in the third year, 2.3 in the ...