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Suzhou Bank: Redeem all Suzhou Bank Convertible Bonds registered on the redemption registration date
On January 21st, Jin10 Data reported that Suzhou Bank announced that from December 12th, 2024 to January 21st, 2025, the Closing Price of the bank's stock has not been lower than 130% (including 130%, i.e. 8.05 yuan per share) of the current conversion price of 'Su Bank Convertible Bonds', which is 6.19 yuan per share. According to the relevant agreement, the conditional redemption clause of 'Su Bank Convertible Bonds' has been triggered. The bank has decided to exercise the early redemption right of convertible bonds and redeem all the 'Su Bank Convertible Bonds' registered on the redemption registration date. According to the schedule, 'Su Bank Convertible Bonds' will stop conversion from March 7th, 2025, which is the redemption date of 'Su Bank Convertible Bonds' on the same day. The bank will fully redeem all 'Su Bank Convertible Bonds' registered with China Securities Depository and Clearing Corporation Limited as of the redemption registration date (March 6th, 2025) after the market closes. After the redemption is completed, 'Su Bank Convertible Bonds' will be delisted.