What is HTCs historical bonds payable?
On January 29, 2003, the Company issued zero coupon convertible bonds with an aggregate amount of US$66,000 thousand; bond maturity is on January 29, 2008. The issue price is 100% of the US$1,000 par value. Under the bond terms, a bondholder has the right to request the Company to redeem the bonds on April 29, 2004 at their accreted principal amount. Thus, some bondholders requested the Company to redeem bonds amounting to US$2,000 thousand, and other bondholders requested conversion of bonds amounting to US$64,000 thousand into 17,336 thousand shares. Because of these redemptions, the Company had no outstanding bonds payable as of April 30, 2005.
