ZHAOJIN MINING (01818) announced that the company ("Issuer") has been approved to issue perpetual corporate bonds with a total face value of up to RMB 2 billion to professional investors, adopting a phased issuance approach. The 2025 Sci-Tech Innovation Perpetual Corporate Bonds (Series I) for professional investors ("the Bonds") will have an issuance scale of up to RMB 1.5 billion.
The Bonds consist of two series: Series I with a base term of 2 years and Series II with a base term of 3 years. At the end of each base term and cycle, the Issuer reserves the right to extend the term by one cycle. If the Issuer opts not to extend, the Bonds will be fully redeemed at maturity.
On December 9, 2025, the Issuer and lead underwriters conducted an offline coupon rate inquiry with professional institutional investors. Based on the inquiry results and mutual agreement, Series I of the Bonds was not issued, while Series II was finalized with a coupon rate of 2.20%.
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