3:00 Thursday vs 3:00 Wednesday
2yr 99-19 vs 99-16; 4.332% vs 4.386%
5yr 99-12 vs 99-07; 4.509% vs 4.552%
10yr 98-16 vs 98-05+; 5.244% vs 5.273%
30yr 98-05 vs 97-27+; 5.245% vs 5.267%
2/10 42.810 bps vs 40.645 bps
5/30 73.457 bps vs 71.319 bps
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Treasury
Hengyi Petrochemical to Redeem Convertible Bonds After Trigger
Hengyi Petrochemical (SHE:000703) will redeem its Hengyi Convertible 2 bonds at 100.25 yuan each after the conversion deadline of Sept. 8, according to a Thursday filing with the Shenzhen bourse.The redemption was triggered on August 17, after the company's share price exceeded 130% of the conversion price of 13.416 yuan for at least 15 trading days in a 30-day window.Unconverted bonds will be redeemed on Sept. 9, and delisted from the Shenzhen bourse.Shares of the chemical fiber manufacturer rose 3% in recent trade.
SHE:000703
Treasury
Huadian Power International Issues 1 Billion Yuan in Medium-Term Bonds
Huadian Power International (SHA:600027, HKG:1071) issued medium-term bonds worth 1 billion yuan, according to a Thursday disclosure on the Shanghai bourse.The bonds have a coupon rate of 1.74% and a term of five years.China Merchants Bank (SHA:600036, HKG:3968) and Bank of China (SHA:601988, HKG:3988) acted as lead underwriters for the issuance.Proceeds will be used to pay debt and supplement the power company's working capital.The company's Shanghai shares jumped 3% and Hong Kong shares rose 2% during the morning trade.
HKG:1071HKG:3968HKG:3988SHA:600027SHA:600036SHA:601988
Treasury
Huadian Power International Raises 1 Billion Yuan Via Bond Issue; Shares Up 3%
Huadian Power International (SHA:600027) raised net proceeds of 1 billion yuan via the issue of three-year sci-tech innovation corporate bonds carrying a coupon rate of 1.61%.Shares of the company rose nearly 3% in late-mornig trade Thursday.Proceeds will fund debt repayment, working capital replenishment and project investments, according to a Wednesday aftermarket filing with the Shanghai bourse.GF Securities, Huatai United Securities, Guotai Haitong Securities, China Merchants Securities, Industrial Securities and China Galaxy Securities acted as lead underwriters.
SHA:600027