Convertible bond information
The debt base is 95.02 yuan and YTM is 2.87%. Jin Lang convertible bonds have a maturity of 6 years and a debt rating of AA-, with a face value of 65,438+000 yuan, 0.30% in the first year, 0.40% in the second year, 65,438+0.00% in the third year, 65,438+0.50% in the fourth year and 2.00% in the fifth year. 2.50% in the sixth year. The redemption price at maturity is 1 13% of the face value (including the interest in the latest year). Based on the discount rate of yield to maturity (2022-2-7)3.7679% for 6-year AA- corporate bonds, the bottom value of the bonds is 95.02 yuan, and the YTM corresponding to pure bonds is 2.87%.
Parity 102 438+0 yuan. The conversion period is from the 1 trading day to the maturity date of convertible bonds six months after the end of issuance. The initial conversion price is 227.02 yuan/share, and Jin Lang Science and Technology (300763. SZ) On February 7th, 2022, it was 23 1.59 yuan, and the corresponding convertible bond parity was 102.438+0 yuan. The revised terms of convertible bonds in Jin Lang are: 15/30,85%, conditional redemption terms are:15/30, 130%, and conditional resale terms are: 30,70%. The terms of this convertible bond are favorable to investors.
The dilution rate of total share capital is 1.57%. If the shares are converted according to the initial conversion price of convertible bonds in Jin Lang (123 137). SZ) is 227.02 yuan/share, and the dilution degree of convertible bonds to total share capital and circulation disk is 1.57% and 3.55% respectively, and the dilution pressure of share capital is average.