Company announcement)
Baoshan Iron and Steel (6000 19) Company disclosed the issuance of convertible corporate bonds with stock options and bond separation transactions.
Announcement:
I. Basic information on issuance
1. Issue type: individually convertible bonds.
2. Total issue amount: no more than1000000 yuan.
3. Face value: 100 Yuan/piece.
4. Issue quantity: no more than 1 1,000,000 lots (1 1,000,000 pieces).
5. Issue price: Issue at face value, and the warrants attached to the bonds shall be recognized in proportion to the bonds.
Buyer distribution.
6. Bond term: 6 years, from June 20th to June 20th, 20081April 20th.
7. coupon rate:
Coupon rate inquiry range is 0.80%- 1.50%. In the end, coupon rate will be composed of issuers and sponsors (the main
Underwriters) negotiate within the above-mentioned inquiry scope according to the results of bookkeeping and online and offline subscription.
Of course.
8. Method of repayment of principal and interest:
The split convertible bonds issued this time bear interest at face value, and the interest-bearing start date is split transaction.
Issue date of convertible bonds (i.e. June 20th, 2008, T). Pay interest once a year and repay the principal at maturity, which is the most.
The interest of the latter period is paid together with the principal. The first interest payment date of the bond is the day after the issue date (i.e.
June 20, 2009), the date of each year (that is, June 20) is the interest payment date of the current year. Interest payment creditor's right
The registration date is the date of each full year from the date of issuance within the bond's duration. Where the interest-bearing creditor's rights thus determined are registered,
If the day is a non-trading day, the trading day before that day shall be the final registration date of the interest-bearing creditor's rights. The issuer will
Complete the interest payment work within 5 trading days after the registration date of interest payment claims every year. Registration date of interest-bearing creditor's rights
After the closing of the stock exchange, the registered holders of baoshan iron & steel convertible bonds have the right to obtain the current year.
Interest on convertible bonds separately traded by Baosteel.
9. Maturity date and redemption date:
The maturity date of the separated convertible bonds issued this time is June 20, 20 14, and the redemption date is the maturity date.
20 14 5 trading days after June 20th.
10, warrant
(1) number of warrants issued: the final subscriber of each convertible bond separately traded in baoshan iron & steel can
Obtain the 160 warrant issued by the issuer.
(2) Duration of warrants: 24 months from the listing date of warrants.
(3) Exercise period: the warrant holder has the right to pay the warrant five days before the listing of the 24-month warrant.
Japan's trade rights.
(4) Exercise proportion: The initial exercise proportion of the warrants attached to this issuance is 2: 1, that is, every 2 copies.
The warrant represents the subscription right of 1 share issued by the issuer.
(5) Exercise price: The initial exercise price of the warrants attached to this issuance is 65,438 yuan +02.50 yuan.
/share, not less than the average trading price of the company's shares 20 trading days before and before the announcement date of this offering prospectus.
1 trading day, the average share price of the company.
(6) During the existence of the warrants, if the shares of the company are ex-dividend and ex-dividend, the warrants will be exercised.
The price and exercise ratio should be adjusted accordingly.
When the company's stock is ex-dividend, the exercise price and exercise proportion of the warrants are adjusted according to the following formulas respectively.
Overall:
New exercise price = original exercise price × (reference price of ex-dividend date of the company's stock/trading day before ex-dividend date)
The closing price of the company's stock);
New exercise ratio = original exercise ratio × (closing price of the company's stock on the trading day before ex-dividend/closing price of the company's stock after ex-dividend)
Trading day reference price).
When the company's stock is ex-dividend, the exercise proportion of the warrants remains unchanged, and the exercise price is adjusted according to the following formula:
New exercise price = original exercise price × (reference price of ex-dividend date of the company's stock/ex-dividend trading day)
The closing price of the company's stock).
1 1, bond resale terms:
If the purpose of the funds raised in this offering is more important than the company's commitment in the prospectus
Major changes, according to the relevant provisions of the China Securities Regulatory Commission, can be regarded as changing the use of raised funds or being recognized by the China Securities Regulatory Commission as
If the use of the raised funds changes, the bondholders will get the face value plus the current accrued interest.
The company's right to sell back bonds.
12, credit rating:
According to the appraisal results of CITIC Securities Appraisal Co., Ltd., the convertible bonds issued this time are separated from each other.
The credit rating is AAA.
13. Guarantee:
Baosteel Group Co., Ltd. provided an irrevocable company to repay the principal and interest of convertible bonds in this separation transaction.
Guarantee with responsibility guarantee. The scope of the guarantee is the principal and interest, liquidated damages,
Damages and expenses for realizing creditor's rights. The guarantee period is six days from the duration of the bond to the maturity date of the bond.
Month.
14. Issued to:
(1) Priority placement for shareholders of original unrestricted shares: the registration date announced in this issuance announcement.
The issuer registered after listing was originally a shareholder of unrestricted shares.
(2) Offline issuance: institutional investors who comply with laws and regulations (except those prohibited by laws and regulations).
.
(3) Online issuance: natural persons, legal persons and securities investment funds that open securities accounts in Shanghai Stock Exchange.
And other investors who meet the requirements of laws and regulations (except those prohibited by laws and regulations).
15, release date:
The date of priority placement and online and offline subscription is June 20, 2008 (T day). In a major emergency
If the issuance is affected, it will be postponed to the next trading day.
16. Distribution method:
This issuance will give priority to the shareholders of the issuer's original unrestricted shares (the controlling shareholder of the issuer)
Baosteel Group Co., Ltd. "gave up the original unrestricted shares of 65,438+0,052,600,000 shares.
Pre-allocation of shares), after the pre-allocation of shares, the balance of convertible bonds will be separated from institutional investors for offline inquiry.
The combination of price placement and online fund subscription.
Priority placement: the upper limit of the number that shareholders of the original unrestricted tradable shares can subscribe for first is their share registration.
The number of registered shares of "baoshan iron & steel" after closing on the registration day is multiplied by 1.78 yuan, and then converted into 1000 yuan 1.
Hand count. As of the benchmark date of this issuance and bond priority placement, the original unrestricted shares of the issuer are 5,665,438+065,438+0.
082,559 shares, according to the priority placement ratio of this issue, the shareholders of the original unrestricted shares can have priority.
The subscription limit is about 9987727 thousand yuan (9987727 lots), accounting for 99.88% of the issuance scale; hair
Baosteel Group Co., Ltd., the controlling shareholder of the People's Bank of China, gave up the original unrestricted shares 1 0,052,60.
000 shares.
The priority subscription part of the issuer's original unrestricted tradable shareholders is carried out through the trading system of Shanghai Stock Exchange.
, the part less than 1 is rounded up according to the exact algorithm, the subscription code is "7040 19", and the subscription name is "Baosteel Distribution".
Debt. "The shareholders of the original unrestricted tradable shares can not only participate in the priority placement, but also participate in the priority placement.
Purchase the remaining convertible bonds for separate trading.
Online and offline distribution: the proportion of the default distribution quantity of online and offline parts to the total distribution quantity is
50%:50%。 The issuer and the sponsor (lead underwriter) will be based on the balance after the priority subscription and online and offline issuance.
The actual subscription situation is finally determined according to the principle that the online winning rate and the offline placement ratio tend to be consistent.
Number of online and offline issuances.
17. underwriting method: underwriting by the balance of the underwriting syndicate.
●2008-06- 18 Baoshan iron and steel co., ltd.: the subscription date for the issuance of separate convertible bonds is June 20 (2) (
Company announcement)
Baoshan iron and steel (6000 19) 18, issuance time and suspension arrangement:
Date issue arrangement suspended arrangement
T-2 publishes the prospectus and the summary of the prospectus, and the deadline is 9: 30 am-10: 30 am.
(June 18) Announcements and bulletin boards for online roadshows were released, and then the transactions were normal.
T- 1 online roadshow; The original unlimited sales conditions are in normal circulation.
(1June 9) Shareholders have priority in date of record.
T (June 20th) Online and offline subscription days will be suspended.
T+ 1 offline subscription deposit pays for normal transactions.
(June 23)
T+2 online subscription and capital verification; Determine coupon rate; Determine the number of online and offline distributions
, calculate the placement ratio and winning rate.
T+3 publishes pricing and offline distribution results and online winning rate announcement; Offline applications that have not been placed.
Investors who purchase down payment or offline subscription will pay the balance according to the placement results (the deadline for receipt of accounts on the same day is 17).
: 00); Order lottery tickets online
T+4 issues a lottery result announcement for online subscription; Unfreeze online subscription funds
The above date is the trading day. In case of major emergencies affecting the issuance, the sponsor (lead underwriter) will
Timely release the announcement and modify the release schedule.
19. The convertible bonds (including bonds and warrants) issued in Baosteel this time have no holding period.
System.
20. Place of listing: Shanghai Stock Exchange.
2 1. time to market: after the issuance, the issuer will apply to the Shanghai stock exchange for listing (including debt) as soon as possible.
Securities and warrants), the specific listing time will be announced separately.
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