Zijin Mining Group (02899) completed the issuance of zero-coupon convertible bonds with a total amount of 1.5 billion US dollars.
Zijin Mining (02899) announced that all the preconditions under the subscription agreement have been met and the issuance of $1.5 billion zero-coupon guaranteed convertible bonds was completed on February 5, 2026. The net proceeds from the bond issuance (after deducting expenses, commissions, and fees) will be approximately $1.527 billion. The company plans to use around $1.2 billion of the proceeds from the bond issuance for capital expenditures for the Ariana project in Peru, with the remaining funds to be used for working capital and general corporate purposes.
Zijin Mining Group (02899) announced that all the preconditions under the subscription agreement have been met and the issuance of USD 1.5 billion zero-coupon convertible bonds with guarantees was completed on February 5, 2026. The net proceeds from the bond issuance (after deducting expenses, commissions, and fees) will be approximately USD 1.527 billion. The company plans to use around USD 1.2 billion of the proceeds from the bond issuance for capital expenditures for the Ariana project in Peru, with the remainder being used for working capital and general corporate purposes.
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