The first payment of peak 2013 corporate bonds is completed.
Release time:
2020-08-14
Peak 2013 Corporate Bond Initial Payment Completed
News 6# September 5 , Jianfeng Group 2013 Corporate Bond (Phase I) principal and interest payment was successfully completed.
2013 6 September 5 , approved by China Securities Regulatory Commission, Jianfeng Group 2013 corporate bonds (Phase I) were publicly issued with an issue amount of RMB 3 .5 billion. The issue is a 5 -year fixed-rate bond with a coupon rate increase option and an investor resale option at the end of the third year, with a debt rating of AA +(up to AAA ). The coupon rate of the bonds was determined by market bidding and was finally determined as 4.90% , which was 1.55 percentage points lower than the benchmark interest rate of 5 -year bank loans at that time, fully reflecting the capital market's affirmation of Jianfeng Group. After the issuance of
Jianfeng Group's 2013 corporate bonds (the first issue), they were listed and traded on the Shanghai Stock Exchange on 7 April 2 of that year. As some investors chose to sell back at the end of the third year, the company paid the resale on 2016 6 6 , reducing the bond balance to 2.77 .4 billion yuan. The total amount of principal and interest to be paid by the time the bonds mature is $2.9 .6 billion (including tax).
In order to do a good job in repaying the principal and interest of the bonds, the group company issued a public announcement on 5 January 25 to register the relevant rights and interests, and entrusted China Securities Depository Shanghai Branch to cash and exchange interest on the bonds. 6 May 5 , the maturity date of the bond, the principal and interest payment was successfully completed.
Corporate bonds are securities issued by companies in the stock exchange market in accordance with legal procedures and agreed to repay the principal and interest within a certain period of time, and the issuance of corporate bonds is one of the main ways of direct financing. Bondholders are creditors of the company and have the right to obtain interest from the company and recover the principal at maturity on agreed terms, but do not participate in the company's operation, management and other activities. Once the bond matures, the company must repay the principal. Through the issuance of corporate bonds, not only can replace short-term borrowing, but also increase the company's working capital, is conducive to optimizing the company's debt structure, enhance the company's short-term solvency, control the company's cost of capital, so many enterprises become an important way of financing. However, with the gradual deepening of "deleveraging" since 2017 and the influence of factors such as tightening of financing policy, shift of monetary policy and promulgation of new capital management regulations, more than 20 bonds have defaulted in 2018 , and the share prices of listed companies that broke out of the corporate debt crisis have all fallen sharply. Zhu Jianwei, Secretary of the board of directors of
group company, said that although there are many reasons for the emergence of the corporate debt crisis, in the final analysis, some enterprises with excessive expansion and low development quality in the early stage are in the general environment of monetary policy shift and financing difficulty, and the contradiction of lack of sufficient cash flow is highlighted. The successful completion of the payment of the peak 2013 corporate bonds (the first issue) is inseparable from the company's long-term adherence to the strategic direction, focus on industry and focus on the quality of development. In recent years, the company has continuously strengthened management, the main business has achieved good operating efficiency and cash inflow, so that the company has more abundant capital reserves. At the same time, in the current situation of frequent negative news on corporate bonds, peak bonds can be paid smoothly on schedule, improve the company's credit level, establish a good image of the enterprise, and lay the foundation for further high-quality development. (Reporter Fu Yiwu)
More information
Peak re-listed China's top 100 cement production capacity Daye peak won the "smart factory leader"
On July 11-12, the 2022 China Cement Industry Summit and TOP100 Award Ceremony organized by China Cement Network, an authoritative media of China's cement industry, was held in Hangzhou. Jianfeng Group once again ranked among the top 100 cement clinker production capacity in China.
2022
08-04
On the afternoon of July 12, the party Committee of the group company held a special meeting attended by party Committee members, senior and middle-level management backbones, heads of grass-roots party organizations and all party members of the group headquarters to learn and convey the spirit of the 15th party congress of the communist party of China in Zhejiang province.
2022
07-24
On the morning of July 1, more than 40 members of the group's party committee, party members of various branches of the group headquarters, and party members of subordinate enterprise branches went to the Shuanglong Hydropower Station, the Red Education Base of Jinhua City, to receive party spirit and revolutionary tradition education.
2022
07-14
Vocational skill level identification examination!
On June 16 and 18, the theoretical and practical examinations for the determination of professional skill level in the peak pharmaceutical sector were held successively in Jinxi pharmaceutical factory. The independent identification of vocational skill level includes three occupations (types of work): pharmaceutical preparation worker, chemical inspector and organic synthesis worker, basically covering the main posts in the pharmaceutical sector, with a total of 125 employees signing up for the identification.
2022
06-21
On June 16, the Jianfeng Pharmaceutical Quality Research and Development Party Branch and the Jinhua Vocational Skills Management Service Center Party Branch held a signing ceremony in Jinxi Factory to establish a party building alliance.
2022
06-21
Jinhua Mayor Xing Zhihong to Peak Research
On the afternoon of June 1, Jinhua Mayor Xing Zhihong, Wucheng District Party Committee Secretary Gao Feng, District Mayor Hu Yuxian, and heads of the Municipal Economic and Information Bureau, Development and Reform Bureau and other departments went to the group headquarters to discuss and exchange with the leaders of the group company to understand the development of the enterprise. Solicit opinions and suggestions from enterprises on government work. After understanding the current business situation of the peak, Xing Zhihong pointed out that focus, follow the right path, frontier, steady, is the peak to long-term prosperity of the magic weapon, must continue to adhere.
2022
06-13
Contact Us
No. 88 Wujiang East Road, Jinhua City, Zhejiang Province, China
Tel: +86-579-82326868
Fax : +86-579-82324666
©2023 Zhejiang Jianfeng Group Co., Ltd. Powered by: www.300.cn SEO Business License
SAF Coolest v1.2 设置面板 SHJSS-AHDB-FSSQE-ZSW
无数据提示
Sorry, the current column has no content !
You can view other columns or return to Home Page