JL Mag Rare-Earth (300748.SZ) subsidiary plans to issue $1.175 billion convertible corporate bonds that can be converted into company H shares.

Jl Mag Rare-Earth (300748.SZ) announced that the company plans to issue $117.5 million USD in guaranteed convertible corporate bonds through its wholly-owned overseas subsidiary, Jl Mag Rare-Earth Green Technology (Hong Kong) Co., Ltd. The bonds can be converted into the company's H-shares and will be listed on the Hong Kong Stock Exchange. The company will provide a guarantee for the issuance of convertible bonds for its overseas subsidiary.