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China Nonferrous Mining plans US$ 300 million zero-coupon convertible bond offering

PUBT·08/26/2026 22:15:25
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China Nonferrous Mining plans US$ 300 million zero-coupon convertible bond offering
  • China Nonferrous Mining plans a US$ 300 million zero coupon convertible bonds due 2031 offering under its general mandate.
  • Subscription agreement signed Aug. 26, 2026; bonds priced at 100.5% of principal; intended listing on the Hong Kong Stock Exchange.
  • Initial conversion price set at HK$ 22.18 per share; full conversion implies 106,038,773 new shares, about 2.65% of enlarged share capital.
  • Net proceeds estimated at about US$ 300.58 million; earmarked for the Luanshya, Zambia shaft No. 28 sulfide ore development project.
  • Maturity set for Sept. 2, 2031; bondholders have a put option on Sept. 2, 2029 at principal amount.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China Nonferrous Mining Corp. Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260827-12301463), on August 26, 2026, and is solely responsible for the information contained therein.