Ningbo Sinyuan ZM Technology (SHE:301398) issued convertible cooperate bonds worth 450 million yuan, according to a Shenzhen bourse filing on Wednesday.
The convertible bond has a six-year term, maturing on Nov. 6, 2031. The coupon rate on the first year is 0.20% and will rise every year up to 2.50% on the sixth year. The initial conversion price is 52.30 yuan per share.
The Chinese magnesium die-casting products manufacturer's shares jumped less than 7% at the close.
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