Great Wall Motor (SHA:601633) said the conditional put option for its GWM convertible bond has been triggered after the company's shares traded below 70% of the conversion price for 30 consecutive sessions through July 22.
The put price is 100.27 yuan per bond, according to a Wednesday filing with the Shanghai bourse. The put period runs from July 30 to Aug. 5, with payment on Aug. 10.
Shares of the automaker rose 1% in recent trade.
Grenergy Renovables (GRE.MC) said Tuesday it registered a green note program of up to 200 million euros with the Alternative Fixed Income Market.Filed on Monday, the Spanish renewable energy group's sixth green note program is subject to a financing framework in line with the green financing principles of the Loan Market Association and the International Capital Market Association.
Hercules Capital (HTGC) said late Tuesday it has priced an underwritten public offering of $325 million of 6.300% notes due in July 2031.The company said it plans to use the net proceeds to repay debt, fund investments and for general corporate purposes.It expects to close the offering on July 24.
3:00 Tuesday vs 3:00 Monday2yr 99-23 vs 99-26+; 4.259% vs 4.215%5yr 98-29+ vs 99-02; 4.368% vs 4.330%10yr 98-07 vs 98-15; 5.141% vs 5.122%30yr 98-00+ vs 99-07; 5.129% vs 5.118%2/10 36.458 bps vs 38.088 bps5/30 75.966 bps vs 78.575 bps