Examples of Convertible Bonds in a sentence
Principal Amount: Pursuant to the Subscription Agreement, the Subscriber conditionally agreed to subscribe for Convertible Bonds in the aggregate principal amount of HK$300,000,000.
Ranking: Conversion Shares issued upon exercise of conversion rights attached to the Convertible Bonds shall rank pari passu with, and carry the same rights in all aspects (including the rights to dividends) as, the other Shares then in issue.
The issue of the Convertible Bonds and the Conversion Shares is not subject to Shareholders’ approval.
The Bondholder will have the right to require the Company to pay for the default interest from the date of occurrence of such event of default up to (and including) (i) the expiry of six months thereafter, or (ii) the date when such event of default has been fully remedied by the Company to the reasonable satisfaction of the Bondholder, or (iii) the date when the Bondholder require the Company to redeem all the Convertible Bonds then outstanding held by it (whichever is earlier).
The principal terms of the Convertible Bonds are summarised below: Issuer: The Company Principal Amount: HK$300,000,000 Maturity Date: The date falling on the third anniversary of the issue date of the Convertible Bonds Interest: The Convertible Bonds bear interest from the issue date at 1% per annum on the outstanding principal amount of the Convertible Bonds, payable annually in arrears.