ZHAOJIN MINING (01818) announced the successful issuance of its 2025 Sci-Tech Innovation Corporate Bonds (Phase I) for professional investors, with a total offering size of RMB1 billion. The bonds have a maturity period of 5 years.
Key terms include an investor put option, allowing bondholders to sell back all or part of their holdings to the issuer at the end of the third year. The issuer also retains the right to adjust the coupon rate after the third year.
The bonds were issued via private placement to qualified institutional investors, with the issuance process concluding on November 24, 2025. The final issuance amount reached RMB1 billion, achieving a subscription multiple of 3.61 times and a coupon rate of 1.89%.
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