China petrochemical 23 billion-yuan convertible bond March 7 listing trading
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NetEase Financial March 2, China Petrochemical 2nd announcement said that the company 23 billion yuan convertible bonds will be listed on the Shanghai Stock Exchange on March 7, bonds referred to as "petrochemical transfer debt", the bond code "110015". Prior to the announcement on February 17, Sinopec announced that its convertible bond issue had been approved by the SFC, issued a total of 23 billion convertible bonds, issued a quantity of 230 million, each face value of RMB 100, priority placing day and online, the net purchase date for February 23. The initial conversion price of convertible bonds is 9.73 yuan/share. This became the largest convertible bond issue since the Asia-Pacific region last August. Sinopec said that this issue of the issuance of the bond period of six years from the date of issuance, that is, from February 23, 2011 to February 23, 2017. The convertible bond coupon rate is: First year 0.5%, second year 0.7%, third year 1%, fourth year 1.3%, five year 1.8%, six year 2%. Sinopec said that the issue of fund-raising funds to be used in Wuhan 800,000 tons/year ethylene project, Anqing branch of the sulfur-containing crude oil processing adaptability transformation and oil quality upgrade project, Shijiazhuang Refinery Petrochemical Company oil quality upgrade and crude oil inferior transformation project, Yulin-Jinan gas pipeline project and Rizhao-Yizheng crude oil pipeline and ancillary projects. Sinopec 2nd Low open concussion, closed down 0.46%, reported closed at 8.59 Yuan.
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