MMG (01208) completed the issuance of $800 million worth of convertible bonds maturing in 2027.
Minmetals Resources (01208) announced that all the conditions precedent for the issuance of the convertible bonds (bonds) due in 2027 under the subscription agreement have been met, and the issuance of the bonds totaling 800 million US dollars was completed on June 23, 2026.
MMG (01208) announced that all the preconditions for the issuance of convertible bonds (bonds) due in 2027 under the subscription agreement have been met, and the total principal amount of $800 million bonds was completed on June 23, 2026.
The net proceeds from the issuance of bonds (after deducting commissions and other expected expenses) is approximately $813 million.
The company has applied for the listing of the bonds on Vienna MTF operated by the Vienna Stock Exchange. The bonds are expected to start trading on the Vienna MTF on June 24, 2026. The company has obtained approval from the Hong Kong Stock Exchange for the conversion of shares and trading.
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