Geely said Wednesday that it planned to issue convertible bonds and warrants without naming Goldman Sachs Capital Partners as the buyer.
Article38the convertible bond and the certificate of bond conversion to stocks or shares converted in accordance with law shall be in the registered form.
This time the Chinese firm could buy convertible bonds or direct equity stakes in mines.
The Goldman Sachs fund is investing in convertible bonds and warrants that will give it a minority stake in the Chinese auto maker, according to the person familiar with the matter.
At the same time, using Monte Carlo simulation and finite difference method, the calling provision and put provision of domestic convertible bonds could be priced.
The convertible bond issued to the Singaporean and Middle Eastern investors will yield 9% and convert into 10.5% of UBS's stock in two years.
Depending on the terms of the convertible bond, also known as the indenture, the bond could convert into a significant number of shares.
Under the background of the overall financing environment for enterprises continuing tight and high cost of financing, the advantages of convertible bond financing are increasingly prominent.
during the period of call notice , market price of convertible bonds is closer to parity value and higher than theoretical price, and thus arise dramatic errors in both periods;
Singapore's government investment fund and an unnamed Middle Eastern investment answered the call from UBS, buying up 13 billion Swiss francs ($11.52 billion) of convertible bonds.
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