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)
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Peak health marketing and a new "play"
Building a New System, Flattening Management, Spike Health Marketing, New "Way to Work" On February 17, Spike Health Technology Company held a sales meeting to integrate and adjust the construction of a new marketing system and deploy and implement the 2017 sales work. Chen Daiyou, general manager of Health Technology Company, carefully explained and answered the marketing system construction and sales management assessment methods at the meeting, and reached a consensus on unifying thinking. The sales business of Health Technology Company involves three categories: health care products, plant extracts and Chinese herbal pieces. The product attributes and categories are different, and the product sales channels are diversified. In order to facilitate market expansion and adapt to the rapid response to market changes, the Company focuses on key products, key channels and key markets, adjusts the original business model, unifies all sales businesses of the Company, establishes a marketing center, and centralizes and unifies flat management. At the meeting, the Health Technology Company issued the "2017 Sales Management Assessment Measures", which takes sales performance as the leading factor, defines the sales staff's business expenses and market expansion support policies, implements quarterly and annual assessment of sales targets, and directly links the assessment of the progress of sales staff's target tasks with monthly income. After two-way selection, adjustment and implementation of sales positions and target tasks, all sales staff of Health Technology Company have signed a sales economic responsibility system. Chen Daiyou hopes that marketers will build confidence to meet the challenges and grow and progress together with the enterprise. At the same time, he said that the health technology company will focus on strengthening the construction and cultivation of the sales team, and carry out training, learning and experience sharing in various ways, so as to improve the business ability and level of the sales team. (Spike Health)
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On January 23, the group company held a special working meeting to summarize the safety and environmental protection work in 2016 and make arrangements for the work in the new year. General manager Yu Jianhong pointed out at the meeting that hidden dangers are accidents, accidents should be assessed, and safety and environmental protection work should continue to be carried out with a "zero tolerance" attitude. At the meeting, Chen Tianci, assistant to the general manager of the group company and manager of the audit performance management department, summarized the safety and environmental protection work in 2016 from the aspects of the completion of the safety and environmental protection responsibility system objectives, self-examination and self-correction of illegal operations, and the establishment of safety and environmental protection accident-free factories, analyzed the problems existing in the work, and put forward the safety and environmental protection work plan for 2017 in a targeted manner. Jiang Xiaomeng, chairman of the group company, stressed at the meeting that the work of safety and environmental protection is endless and must be carried out unremittingly. All enterprises should focus on safety and environmental protection management in a planned and focused manner according to the characteristics of their respective industries and industries, seasonal changes, and national policy adjustments. It is more important to establish awareness than inspection. It is necessary to strengthen safety and environmental protection education and improve the safety and environmental protection awareness and related work skills of all employees. Conduct in-depth pre-inspection and strict post-assessment to achieve full management and comprehensive prevention, and realize the overall improvement of enterprise safety and environmental protection. At the meeting, Jiang Xiaomeng, on behalf of the group company, signed the 2017 safety and environmental protection work responsibility letter with various professional companies and directly affiliated enterprises. In his concluding speech, Yu Jianhong, general manager of the group company, pointed out that safety runs through the development of the enterprise, and safety and environmental protection cannot be separated from production and operation. The two promote each other and complement each other, and managers at all levels must have a deep level of this.
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"Spike" Cement Becomes Yunnan Famous Brand Product
News from our newspaper At the beginning of the new year, good news came from Yunnan Jianfeng Cement Company. The "Jianfeng" brand cement successfully passed the examination and approval and won the title of "Yunnan Famous Brand Product. Since it was put into production in 2013, the "Jianfeng" brand cement produced by Yunnan Jianfeng has won good sales performance and reputation in the southwest Yunnan market, and its popularity and brand influence have been continuously improved. Therefore, Yunnan Jianfeng started to declare "famous brand products" in 2016. After preliminary data preparation, preliminary examination by Pu'er Municipal Bureau of Quality and Technical Supervision, expert review by Yunnan Provincial Bureau of Quality and Technical Supervision and on-site verification, Yunnan Provincial Bureau of Quality and Technical Supervision finally passed the examination and approval of "Yunnan Famous Brand Products" organized by Yunnan Provincial Strategic Leading Group for Implementing Brand and Strong Quality Province in 2017. The acquisition of this honorary title will further enhance the market competitiveness of Jianfeng Cement in southwestern Yunnan, and also increase the popularity of Yunnan Jianfeng, laying a more solid foundation for further market development in the future. (Li Chun)
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