Summary by Moomoo AI
Sinotrans Limited announced that it will adjust the coupon rate of its corporate bond (first tranche) publicly issued to professional investors in 2021. The original coupon rate of the bond was 3.15%, and the newly adjusted rate is 2.15%, which will take effect from July 26, 2024 and last until July 25, 2026. The rate adjustment is based on the terms in the prospectus and will be executed by the issuer at the end of the third year of the bond's tenure. Sinotrans Limited stated that this is based on the actual situation of the company and the current market environment. The trustee, Citic Securities Co., Ltd., has confirmed that the rate adjustment is in accordance with the provisions of the prospectus and is reasonably and fairly priced. This adjustment aims to protect the legitimate rights and interests of investors.