Jinli Permanent Magnet (06680.HK) subsidiary plans to issue $117.5 million 1.75 per cent guaranteed convertible bonds due in 2030.

According to the Zhixin Finance and Economics APP, King Permanent Magnet (06680.HK) announced that on July 23, 2025 (after trading hours), the issuer (King Permanent Magnet Green Technology (Hong Kong) Limited, a wholly-owned subsidiary of the company), the company and the operator signed a subscription agreement. The issuer intends to issue $117.5 million in 1.75% secured convertible bonds due in 2030. The company will unconditionally and irrevocably guarantee the issuer to pay all amounts due under the bonds and trust deeds in accordance with the terms of the guarantee.