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海尔境外发行80亿港元可交换债 2017年11月6日,海尔董...

海尔境外发行80亿港元可交换债 2017年11月6日,海尔董事会审议通过了其境外全资子公司Harvest International Company在香港及国际市场发行80亿港币可交换债券的议案。该债券期限为5年(投资者在第三年末有一次性的回售权),票面现金利率为零,投资者年化收益率为1%,交换溢价为50%,无评级,由青岛海尔及其全资子公司海尔股份(香港)有限公司提供无条件及不可撤销的担保。本次可交换债券以海尔电器(股票代码:1169.HK)的部分股份为标的,交换价格为33港元/股,可交换财产约占海尔股本总数的8.65%,换股期自2019年1月1日起至到期日前10天。该笔可交换债券带有投资者回售条款、到期赎回条款及提前赎回条款。根据到期赎回条款,债券到期后,海尔将赎回全部未转股的可交换债,到期赎回价格为本金的105.11%。当日,海尔境外子公司正式对外宣布本次债券交易,发行价格确定为本金的100%。2017年11月21日,该笔债券完成交割,于2017年11月22日在香港联合交易所正式上市。可交换债是一种债券和股票期权相结合的融资工具,债券持有者有权按照预先约定的条件用这种债券交换成发行者子公司或所持有的上市公司的股票,其融资成本取决于发行时的利率环境和股票的市场表现。 请回答以下问题: 1)可交换债与可转换债劵一样吗?它是一种什么性质的债券?(4分) 2)上述案例中海尔在境外发行80亿港元可交换债是外国债券吗?为什么?(5分) 3)“通过该可交换债融资,青岛海尔实现了零现金票息成本融资。该资金用于置换现有债务,实现了大量的成本节省”。你认可这个结论吗?在今后国际筹资管理实践中有什么借鉴作用?(8分)

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第1题

To some extent, novelists are best poised to under...

To some extent, novelists are best poised to understand globalization. The free flow of products, talents, and information has created some similar life experience. Multinational chains connect metropolis. People enjoy the same latte of Starbucks across the oceans and seas. New MacBook models are showcased in all Apple Stores. Amazon and Netflix revolutionized publication and TV industry. Car makers of Japan dominate North America, dwarfing local giants like Ford or GE. On the other hand, the gospel of prosperity does not benefit the world evenly. While the well-to-dos enjoy a luxurious and convenient life, the have-nots are deprived of future, opportunities, and even their identities. New technologies and trade bring new jobs but also smashing old ones. Demographic changes and culture diversification threaten social coherence in many nations. Immigration and refugees ignite populist backlashes among developed countries. Those phenomena appear to be new challenges of this millennia. However, one century ago, Joseph Conrad had already prophesied a world like ours. In his fiction Heart of Darkness, he revealed some most profound contradictions of modernization and globalization. The western colonists in this novel portrayed themselves as messengers of civilization. One of them was once an idealist believing in spreading science and trade all across Africa. Somehow he becomes disillusioned and corrupted by his power and ambition. He became a tyrant, ruling local African natives. The metaphors of Heart of Darkness will not be outdated. Today we seem to live in a whole new world, actually, we just enter the world Conrad has described hundred years ago. I always believe that one could have eyes of “novelist” without writing a single fiction. What are the eyes of the novelist? For me, it means the power to reconstruct the reality with words. A novelist is a lifelong liar, he creates the time that doesn’t exist, he reveals worlds unknown to other people, and he envisions futures yet to come. Historians record past catastrophes with saddened hearts. Alarmed economists predict the possible future crisis. Compared to them, novelists have some unique advantages. For novelists’ eyes have traveled beyond time and space, standing in the border between past and future. That border is the rift of change. Nearly everyone fears to be consumed by this black hole while novelists are gazing at it joyfully. Like George Eliot once claimed: “We all remember epochs in our experience when some dear expectation dies, or some new motive was born.” I believe that in this era of globalization, we need the eyes of novelist more than ever. We should pioneer the new possibilities offered by innovations while keeping an eye on those left behind. We should explore new places while staying humbled and curious. Only when we learn to observe things like outsiders, like a novelist, we can understand the past and embrace the future. What do we know about Conrad’s novel according to this passage?

A、The hero was a local African native.

B、Power and ambition resulted in corruption.

C、The western colonists were civilized people in this novel.

D、The world in the novel mirrored our real world.

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第2题

Directions: Decide whether the following statements are true (T) or false (F) based on the lectures given on the understanding of texts you learned. 1. Luckily, the author Eudora Welty was born in a r
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第3题

16. The two marching columns moved closer and finally together.

A、merged

B、eroded

C、churned

D、flanked

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第4题

5. The bold act taken by the government will have effects on economy.

A、dramatic

B、chronic

C、devoid

D、ideal

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第5题

1、将已知二层民建在Revit中建模; 2、设置钢筋(每种构件只设置一个)。
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第6题

下列能够正确表达得失关系的语句是( )(多选题)

A、将欲取之,必先予之

B、失之东隅,收之桑榆

C、早荣亦早枯,易得还易失

D、有所取必有所舍,有所禁必有所宽

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第7题

关于建设中国特色社会主义法治体系的重大意义表述正确的有( )(多选题)

A、维护祖国安全、荣誉和利益的需要

B、中国特色社会主义的本质要求和重要保障

C、推进国家治理体系和治理能力现代化的重要举措

D、全面依法治国的总抓手

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第8题

正确的价值观能够引导大学生把人生价值追求融入国家和民族事业,始终站在人民大众立场,( ),服务人民、奉献社会,努力成为中国特色社会主义事业的合格建设者和可靠接班人。(多选题)

A、同祖国一道前进

B、同时代一起奔跑

C、同人民一道拼搏

D、同世界一起发展

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第9题

当代中国关于爱国主义与社会主义的关系,正确的认识是( )。(多选题)

A、爱国主义与爱社会主义统一是当代爱国主义最重要的体现

B、爱国、爱党、爱社会主义三者之间具有内在一致性

C、爱国和爱社会主义是对所有中国人的要求

D、爱国主义与社会主义统一是中国历史发展的必然结果

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第10题

理想的实现具有( )(多选题)

A、复杂性

B、长期性

C、艰巨性

D、曲折性

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