On the evening of June 25, Zijin Mining announced that it had fulfilled all conditions for its $2.5 billion H-share global refinancing, marking the completion of the issuance. The $2 billion worth of newly issued convertible bonds will begin trading on the Hong Kong Stock Exchange on June 26. The bonds, listed under the code "5034" and abbreviated as “GPCCL B2906,” carry an annual interest rate of 1.0% and will mature on June 25, 2029.
In addition to the convertible bonds, Zijin Mining also completed an HK$ 3.9 billion share placement. Through the placement, the company added 250 million H-shares, while the number of its A-shares remained unchanged, resulting in a dilution of just 0.95% of the total share capital. Minxi Xinghang State-owned Assets Investment and Operation Co., Ltd. remains the company's controlling shareholder, holding a 22.89% interest and maintaining its position as the largest shareholder.
According to disclosed information, the funds raised from the issuance of convertible bonds will be used to repay the company's overseas debts. Meanwhile, proceeds from the share placement will be earmarked for business operations and development in the overseas market.
Translator:Jian Reviser: Li Yuanxing Editor-in-Chief: Wang Jie
Sobre Zijin Mining
Zijin Mining es una empresa líder mundial en el sector de metales y minería, y uno de los mayores productores globales de oro, cobre y zinc. Con más de 30 operaciones y proyectos mineros de gran escala distribuidos en 19 países y 5 continentes, la compañía aprovecha sus sólidas capacidades internas de investigación, ingeniería y desarrollo para mantener una alta eficiencia operacional y bajos costos, tanto en adquisiciones como en operaciones.
Este enfoque le ha permitido consolidarse como referente en la creación de valor, respaldado por su filosofía de desarrollo compartido y sustentado por un desempeño superior en materia ambiental, social y de gobierno corporativo. Las acciones de Zijin cotizan en la Bolsa de Hong Kong (HKEX: 2899) y en la Bolsa de Shanghai (SSE: 601899).