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Nanjing Develop Advanced Manufacturing to Issue More Than 907 Million Yuan in Convertible Bonds

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Nanjing Develop Advanced Manufacturing (SHA:688377) is looking to issue 907.7 million yuan in convertible bonds, according to a Tuesday filing with the Shanghai bourse.

The number of convertible bonds shareholders are entitled to subscribe to will be calculated based on the ratio of 3.886 yuan of convertible bonds per share.

The coupon for the convertible bonds is set at 0.2% for the first year, 0.4% for the second year, 0.6% in the third, 1% in the fourth, 1.5% in the fifth, and 2% in the sixth.

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