JL Mag Rare-Earth (06680) completes the issuance of 1.175 billion US dollar convertible bonds.

Jl Mag Rare-Earth (06680) announced the issuance of $117.5 million in secured convertible bonds due in 2030. The bonds can be converted into H shares at a preliminary conversion price of HK$21.38 per share, subject to the terms and conditions. All conditions precedent for the subscription of the bonds as set out in the subscription agreement have been met, and the issuance of the bonds with a principal amount of $117.5 million was completed on August 4, 2025.