Chinese automobile safety system components manufacturer HMT Xiamen New Technical Materials (SHA:603306) called for the payment of the third-year interest on convertible bonds worth 1.05 billion yuan, according to a Shanghai bourse filing on Tuesday.
The convertible bonds were issued in 2023 and have a coupon rate of 1% in the third year. The current conversion price is 33.66 yuan per share, higher than the initial conversion price of 34.18 yuan per share.
The payment is set for Sept. 14.
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