Zijin Mining: plans to issue $1.5 billion zero-coupon convertible bonds with guarantees, with the proceeds to be used for the construction of the Arinah project in Peru.

On the morning of January 30, Zhijin Mining announced on the Hong Kong Stock Exchange that it plans to issue $1.5 billion zero-coupon convertible bonds with guarantees due in 2031 under a general authorization. The initial conversion price is HK$63.30 per H share, a premium of approximately 37.19% over the closing price of HK$46.14 per H share reported by the Hong Kong Stock Exchange on January 29. After the completion of the bond issuance, the net proceeds from the bond subscription will be approximately $1.527 billion. The company plans to use the proceeds for capital expenditures for the Arequipa project in Peru, with the remaining amount to be used for working capital and general corporate purposes.