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友善列印
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Article NO. Content

Title:

Regulations Governing the Offering and Issuance of Securities by Securities Issuers  CH

Amended Date: 2015.11.12 
Article 41     The following items shall be provided in the terms and conditions when issuing corporate bonds with equity warrants:
  1. Issue date.
  2. Coupon rate and payment of interest.
  3. Date of interest payment.
  4. Type of corporate bonds, the amount of each bond and the aggregate amount of this issuance.
  5. The units of warrant represented by each corporate bond with warrant.
  6. For corporate bonds with detachable warrants, the total number of the issued units of the warrants and the method of calculation of the price per unit of the warrants.
  7. The availability of security or guarantee.
  8. Name of trustee and material covenants.
  9. Terms of repayment (e.g. repayment of principal upon maturity, payment of principal prior to maturity, terms of call or redemption, etc.).
  10. The listing or trading at the business places of securities firms of listed or OTC companies' corporate bonds with equity warrants.
  11. Procedures regarding request for exercising warrant; payment for stock price shall be made either in cash or by corporate bonds of the issuer.
  12. Criteria for setting terms and conditions of exercising warrant (including exercise price, exercise period, the classes/types of shares with which to exercise warrant, and the number of shares represented by each unit of warrant).
  13. Adjustment of exercise price.
  14. The disposition of interests and dividends in the year of exercising warrant.
  15. Rights and obligations after exercising warrant.
  16. Performance of contract shall be made only by issuing new shares.
  17. The number of times and date for the bondholder to acquire new stocks by submitting certificates of payment for shares.
  18. Procedure for obtaining the corporate bond with equity warrant.
  19. Other stipulations.
    Secured corporate bonds with equity warrants are backed by the stocks of another company held by the issuer, the provisions of Article 25 shall apply mutatis mutandis.