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ZIJIN MINING Reportedly Seeks to Issue Zero-Coupon CBs to Capture USD1.5B
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ZIJIN MINING (02899.HK) seeks to issue zero-coupon convertible bonds maturing in 2031 to raise USD1.5 billion, with UBS and CLSA acting as joint bookrunners, Bloomberg reported. A conversion premium of 35-40% over placement price of concurrent delta placement is set. The funds raised will be used for capital expenditure on the La Arena project in Peru, working capital, and other general corporate purposes. AASTOCKS Financial News Website: www.aastocks.com |
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