Financial Street Holdings adjusts "22 Jinjie 05" coupon rate

Financial Street Holdings (SZSE:000402) has announced an adjustment to the coupon rate of its "22 Jinjie 05" bonds, reducing it by 208 basis points to 1.00% for the remaining two years of the bond's term. This follows an initial three-year period with a coupon rate of 3.08%. Concurrently, the company has outlined the implementation measures for investors who wish to exercise their put option, allowing them to sell their bonds back to the issuer at par value of CNY 100 per bond (excluding interest). The put option registration period is set for April 21-23, 2025, with the repurchase payment date scheduled for June 6, 2025. Investors should note that by choosing to exercise the put option, they will effectively sell their "22 Jinjie 05" bonds at CNY 100 per bond, despite a recent closing price of CNY 100.1500.