ZHAOJIN MINING (01818) Sets 1.89% Coupon Rate for 2025 Sci-Tech Innovation Corporate Bonds (First Tranche)

Stock News11-21

ZHAOJIN MINING (01818) announced that, with approval from the China Securities Regulatory Commission (Document No. [2025] 436), the company has been authorized to issue corporate bonds totaling up to RMB 6 billion to professional investors in multiple tranches. The first tranche, named "ZHAOJIN MINING 2025 Sci-Tech Innovation Corporate Bonds (First Tranche)" (the "Bonds"), has an issuance cap of RMB 1 billion and a 5-year tenor.

The Bonds feature an investor put option, allowing bondholders to sell all or part of their holdings back to the issuer at the end of the third year. Additionally, the issuer retains the right to adjust the coupon rate at the same juncture.

On November 20, 2025, the issuer and lead underwriters conducted an offline coupon rate inquiry with professional institutional investors. Based on the feedback and mutual agreement, the final coupon rate was set at 1.89%. The Bonds will be issued to professional institutional investors from November 21 to November 24, 2025, at this rate.

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