Annual Report 2012 - TodayIR.com

Lonking Holdings Limited
Annual Report 2012
Notes to the Consolidated Financial Statements
For the year ended 31 December 2012
27. CONVERTIBLE BONDS AND DERIVATIVE FINANCIAL INSTRUMENTS
(Continued)
(ii)
2009 Convertible Bonds (Continued)
Redemption at the option of the bondholders (Continued)
During the year ended 31 December 2012, the bondholders exercised the Early Redemption
Option and required the Company to redeem US$125,660,000 of the value (equivalent to
RMB795,451,000) of the issued 2009 Convertible Bonds. And also the Company repurchased
US$8,190,000 of the face value (equivalent to RMB51,726,000), and the Group and the
Company recognised a loss of RMB41,354,000 on the redemption in profit or loss.
28. LONG-TERM LOAN NOTES
In June 2011, the Company issued senior notes (the “Notes”) in an aggregate principal amount
of US$350 million which will mature on 3 June 2016. The Notes bear interest from and including
3 December 2011 at the rate of 8.50% per annum, and are payable semi-annually in arrears on
June 3 and December 3 of each year.
Optional redemption of the Notes
From 3 June 2014 to the applicable date of the redemption, the Company may, on any one or
more occasions during the 12-month period beginning on 3 June of the years indicated below,
redeem all or any part of the Notes, at the redemption prices (expressed as percentages of the
principal amount) set forth below, plus accrued and unpaid interest, if any, on the Notes redeemed
subject to the rights of holders of the Notes on the relevant record date to receive interest on the
relevant interest payment date:
Year
Redemption price
2014 104.250%
2015 and thereafter 102.125%
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