Zijin Bank to Pay Interest on "Ziyin Convertible Bond" for 2024-2025 Period on July 23

Market Watcher07-16

Jiangsu Zijin Rural Commercial Bank announced interest payment arrangements for its A-share convertible bond. The 4.5 billion yuan convertible bond issued on July 23, 2020 will distribute interest for the period spanning July 23, 2024 to July 22, 2025 on the upcoming payment date.

This bond carries a six-year term through July 22, 2026, with its conversion period active from January 29, 2021 until maturity. The current conversion price stands at 3.65 yuan per share. As the fifth year in the bond's lifecycle, this interest cycle features a 2.00% coupon rate (tax included), translating to 2.00 yuan per 100-yuan bond unit.

The financial instrument, originally launched through a public offering, continues its scheduled payments as investors await potential conversion opportunities during the remaining term. Market participants will monitor the bond's performance as it approaches its final year before maturity in 2026.

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