China Galaxy determines redemption price, sets date for convertibles

Chicago, Dec. 6 – China Galaxy Securities Co. Ltd. determined the price and set a date for the mandatory redemption of the company’s RMB 7.8 billion A share convertible corporate bonds, according to a notice.

The company will be paying RMB 100.296 per bond, including interest.

Redemption payments will be distributed on Dec. 19.

The last trading day for the bonds is Dec. 13. The last conversion date is Dec. 18.

The registration date is Dec. 18.

The bonds became callable when the shares exceeded the 130% hurdle of RMB 9.70 per share for 15 consecutive trading days between Nov. 6 and Nov. 24, triggering the conditional redemption option.

China Galaxy Securities is a Beijing-based brokerage and investment bank.

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