Treasury
Zhenyu Tech to Raise Up to 1.88 Billion Yuan Through Bond Issuance
Ningbo Zhenyu Technology (SHE:300953) plans to raise up to 1.88 billion yuan through the issuance of Zhenyu Convertible Bonds 02, according to a Shenzhen bourse filing on Thursday.The China Securities Regulatory Commission approved the planned issuance.The convertible bonds will have a term of six years and the coupon rate for the first year is 0.20% and will rise every year until it reaches 2% in the sixth year.The Chinese mold and structural parts supplier's shares rose 2% during the afternoon trade.
SHE:300953
