China Petrochemical issued a notice that the convertible bonds will be issued on February 23

Sinopec (600028, closing 9.27 yuan) 23 billion the application for convertible bonds was approved by the SFC as early as December 30 last year and the issuance time has not been finalized. Today (February 18), Sinopec issued a notice that the convertible bonds will be issued on February 23, the initial conversion of convertible bonds price of 9.73 yuan/share, each face value of 100 yuan. It will be the largest convertible bond issue in the Asia-Pacific region since last August.　　Industry insiders said that the issue coincided with management to encourage enterprises through the domestic market is still in the initial stage of corporate debt financing, reduce bank credit, but the release time, is also the recent a strong rebound in a shares, will undoubtedly divert some of the field funds. The daily economic news reporter looked up the information and found that last August ICBC's 25 billion-yuan convertible bonds issued a freeze of more than 560 billion yuan of funds. Industry insiders said the purchase of Sinopec may be a small difference.　　Some investors have started raising subscription funds, leading to a rise in short-term interest rates yesterday. The announcement indicated that Sinopec's issuance of the convertible bond period is six years 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%. The issue of the convertible bonds of Sinopec is as follows, To China Petrochemical In addition to the holding shareholder of the original a-share of the shares of 3.314 yuan per share of convertible bonds of the proportion of priority placements, the number of convertible bonds that China Petrochemical Corporation may subscribe to in addition to the holding shareholder is the number of Chinese petrochemical stocks registered after the close of the stock registration day by 3.314 Yuan (that is, the convertible bonds of 3.314 RMB per share), then converted to 1 per 1000 yuan. Hand, online priority placement of less than 1 hand parts according to the precise algorithm to complete. In addition to the holding shareholders of the original a-share shareholders can participate in the preferential placement, but also to participate in the allocation of priority after the balance of the purchase. In addition to the holding shareholder of the original a-share shareholders prior to the allocation of the balance part of the distribution of institutional investors and through the SSE trading system online pricing issue, if the balance is the underwriting group underwriting.　　Sinopec, the main underwriter of the issuance of convertible bonds, including Goldman Sachs Gao, CICC, Citic Securities, UBS Securities, credit founder, Guotai, is a luxurious lineup. China Petrochemical Convertible bond online issuance of the purchase code for "733028", the purchase is referred to as "petrochemical issue debt." The minimum subscription unit for each account is 1 hands (10 tickets, 1000 yuan). Each account purchase limit of 11.5 billion yuan (11.5 million hands), more than the invalid part of the purchase. The issue of petrochemical transfer debt does not set the holding term system.　　Investors receive the placement of petrochemical transfer debt on the first day of the listing can be traded. The announcement said that Sinopec's current issue raise funds to be used in Wuhan 800,000 tons/year ethylene project, Anqing branch sour crude processing adaptability transformation and oil quality upgrade project, Shijiazhuang Refining DivisionDivision of oil quality upgrades and crude oil inferior transformation project, Yulin-Jinan gas pipeline project and Rizhao-Yizheng crude oil pipeline and ancillary projects. Sinopec yesterday's stock price was the trend of the fall, closed at 9.27 Yuan.