Zhejiang Southeast Space Frame Co., Ltd. is gearing up to issue a convertible bond on January 3, 2024, on the Shenzhen Stock Exchange. The interest starts on the same day, and the bond matures on January 2, 2030, featuring a step-up interest basis. The annual coupon rates are structured as follows: 1st year: 0.3%; 2nd year: 0.5%; 3rd year: 1.0%; 4th year: 1.5%; 5th year: 1.8%; and 6th year: 2.0%. The local code for this bond is 127103, and the issue amount is a substantial CNY 2.0 billion.
As a prominent player in China’s steel structure industry, Zhejiang Southeast Space Frame Co., Ltd. is a major building integrated service provider renowned for its green building initiatives. With a global presence, the company boasts six manufacturing bases across East China, South China, Southwest China, North China, and other regions, with an annual production capacity exceeding 1.3 million tons. Zhejiang Southeast Space Frame has left an indelible mark by undertaking iconic projects worldwide, including the renowned FAST (‘Sky Eye’) radio telescope, the ‘Water Cube,’ ‘Little Waist’ TV Tower, Hangzhou Olympic and Expo Center, National Stadium of Costa Rica, and National Conference Center of Venezuela.
Source: Shenzhen Stock Exchange.