Lufax Holding Ltd (LU) Form 6-K — Aug 20, 2026
Lufax Holding announced on August 20, 2026 that it agreed with Ping An Overseas Holdings to extend the maturity of US$507,988,000 in convertible promissory notes by one year, from October 8, 2026 to October 8, 2027, paying consideration of US$29,377,672.86 for the extension. The notes carry a 0.7375% annual coupon and an adjusted conversion price of US$2.32 per share. At the same time, Lufax will redeem the US$468,912,000 of An Ke Technology convertible promissory notes on the original October 8, 2026 maturity date, payable in two instalments in October and December 2026.
Key figures
- Debt Amount
- US$976.9 million total convertible promissory notes outstanding
- Interest Rate
- 0.7375
- Maturity Date
- October 8, 2027 (extended from October 8, 2026)
- Shares Outstanding
- 1733377784
- Egm date
- on or around October 8, 2026
- Valuation date
- June 30, 2026
- An ke stake pct
- 44.13%
- Egm record date
- September 3, 2026
- Discount rate pct
- 7.13
- Risk free rate pct
- 4.07
- Circular dispatch by
- September 11, 2026
- Notes fair value usd
- 478610000
- Potential dilution pct
- 12.63% of current issued capital (11.22% of enlarged)
- Expected volatility pct
- 61.3
- Nyse ads last close usd
- 1.45
- An ke notes principal usd
- 468912000
- Post conversion an ke pct
- 39.18%
- Ping an overseas stake pct
- 22.72%
- Original 2015 principal usd
- 1953800000
- Ping an notes principal usd
- 507988000
- An ke redemption instalments
- first instalment October 2026, second December 2026
- Hk last close before suspension hkd
- 10.9
- Conversion shares if fully converted
- 218960344
- Post conversion ping an overseas pct
- 31.39%
- Initial conversion price usd per share
- 14.8869
- Adjusted conversion price usd per share
- 2.32
AI analysis
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