Citic Pacific Special Steel to pay bond interest

Citic Pacific Special Steel Group (SZSE:000708) announced it will pay the third-year interest on its "Citic Special Steel Convertible Bonds" on February 25, 2025, with a payment of RMB 9.00 (inclusive of tax) per 10 bonds (face value of RMB 1,000). The record date for bondholders is February 24, 2025. The coupon rates for the bonds are 0.20% for the first year, 0.40% for the second year, 0.90% for the third year, 1.30% for the fourth year, 1.60% for the fifth year, and 2.00% for the sixth year. The next interest accrual date will be February 25, 2025, with an interest rate of 1.30% for that period. The bonds, which have a total issuance of RMB 5 billion, were initially issued on February 25, 2022, and are listed on the Shenzhen Stock Exchange.