Table 2: ICBC convertible bond.

Convertible bondICBC convertible bond

Issue date2010.8.31
Time horizon6
Face value100
Coupon (%)0.5, 0.7, 0.9, 1.1, 1.4, 1.8
Call value till maturity105
The first conversion price4.2
Change of conversion price 2010.11.26, adjusted to 4.16
2010.12.27, adjusted to 4.15
2011.6.15, adjusted to 3.97
2012.6.14, adjusted to 3.77
2013.6.26, adjusted to 3.53
Reset clauseIn 30 consecutive trading days, the closing stock price is smaller than 80% of conversion price in 15 trading days.
Call on conditionIn 30 consecutive trading days, the closing stock price is bigger than 130% of conversion price in 15 trading days.
Call valueFace value plus the accrued interest
Put on conditionWhen the use of capital is changed
Put valueFace value plus the accrued interest