Zhong Guo Jing Ying Bao·2026-01-20 07:21Core Viewpoint - Luoyang Molybdenum (603993.SH, 03993.HK) successfully completed the issuance of a one-year zero-coupon convertible bond totaling $1.2 billion, aimed at supporting the expansion and optimization of its overseas resource projects and ongoing capital expenditures [1] Group 1: Bond Issuance Details - The initial conversion price for the issued convertible bonds is set at HKD 28.03 per share, representing a premium of approximately 28.7% over the closing price of HKD 21.78 on January 19 [1] - The premium is also 26.17% higher than the average closing price over the previous five trading days [1] Group 2: Fund Utilization - After deducting issuance costs, the net proceeds from this fundraising are approximately $1.188 billion [1] - The funds will primarily be used to support the expansion and optimization of Luoyang Molybdenum's overseas resource projects, as well as for ongoing capital expenditures [1]