Within five trading days after the maturity of the convertible bonds issued this time, the company will redeem all unconverted convertible bonds at the price of 1 14% of the face value of the convertible bonds (including the last interest).

(2) Conditional redemption clause

During the conversion period of the convertible bonds issued this time, under the following two circumstances, the company has the right to decide to redeem all or part of the unconverted convertible bonds at the price of the face value of the bonds plus the current accrued interest:

1. During the conversion of convertible bonds into shares, the closing price of the company's shares shall not be lower than 130% (including130%) of the current conversion price for at least 20 consecutive trading days;

If the transfer price is adjusted within the above 30 trading days, the calculation of the trading day before the transfer price adjustment shall be based on the transfer price of the trading day before and after the adjustment of the transfer price and closing price, and the adjusted transfer price and closing price shall prevail.

2. When the balance of the convertible bonds issued this time is less than 30 million yuan. "

Please note that the redemption clause actually contains three conditions, namely, redemption at maturity; Compulsory redemption; The balance is not enough to redeem.

The terms and conditions of convertible bonds may vary from company to company, but they are basically the same. Even if the definitions are different, the content is basically the same, which is nothing more than these three situations.

The redemption clause and the insufficient balance redemption clause are easy to understand. The key is the mandatory redemption clause:

"During the conversion of convertible bonds into shares, if the closing price of the company's shares is not lower than 130% (including 130%) of the current price of convertible bonds for at least 20 consecutive trading days, the company has the right to decide to redeem all or part of the convertible bonds at the face value of the bonds plus the current accrued interest."

Extended data:

The revised transfer price shall not be lower than the higher of the average stock transaction price in the 20 trading days before the company's general meeting of shareholders and the average stock transaction price in the previous trading day. At the same time, the revised conversion price shall not be lower than the latest audited net asset value per share and the face value of the shares.

If the transfer price is adjusted within the above 30 trading days, the transfer price and closing price shall be calculated on the trading day before the transfer price adjustment, and the adjusted transfer price and closing price shall be calculated on the trading day before the adjustment. "

Baidu encyclopedia-convertible bonds