New Issue: Zijin Mining prices RMB 6 billion five-year convertible bonds

By Abigail W. Adams

Portland, Me., Oct. 29 – Zijin Mining Group announced Thursday that it had received regulatory approval for its planned issuance of RMB 6 billion of five-year convertible bonds.

The bonds have a graduating coupon of 0.2%, 0.4%, 0.6%, 0.8% and 1.5% and an initial conversion price of RMB 7.01, according to a company announcement.

The bonds will be redeemed at 106 upon maturity plus accrued interest.

Zijin Mining is a Xiamen, China-based multi-national mining company.

Issuer:	Zijin Mining Group
Securities:	Convertible bonds
Amount:	RMB 6 billion
Maturity:	Nov. 2, 2025
Coupon:	Graduating coupon of 0.2%, 0.4%, 0.6%, 0.8% and 1.5%
Conversion price:	RMB 7.01
Redemption price:	106
Announcement date:	Oct. 29
Settlement date:	Nov. 9
Stock symbol:	HKG: 2899
Stock price:	RMB 5.76
Market capitalization:	RMB 194.48 billion

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