China Molybdenum Completes $1.2 Billion Zero-Coupon Convertible Bond Issue

Reuters01-26 20:53
China Molybdenum Completes $1.2 Billion Zero-Coupon Convertible Bond Issue

China Molybdenum Co. Ltd. has announced the completion of its issuance of US$1.2 billion zero coupon guaranteed convertible bonds due 2027. The bonds were issued under the company's general mandate, with the offering completed on January 26, 2026. The net proceeds will be used over the next 12 months, with approximately 40% allocated for expansion and sustaining capital for the company's overseas mining and processing assets, and around 60% to enhance flexibility of overseas trade working capital and for general corporate purposes. The bonds have been listed on the Vienna MTF operated by the Vienna Stock Exchange.

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 Molybdenum Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260126-12001419), on January 26, 2026, and is solely responsible for the information contained therein.

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