Zhi Tong Cai Jing·2026-01-29 23:24Group 1 - The company, Zijin Mining (601899)(02899), announced a subscription agreement for the issuance of bonds totaling $1.5 billion, with a guarantee for timely payment of all amounts due under the trust deed and bond [1] - The bonds can be converted into H-shares at an initial conversion price of HKD 63.30 per share, representing a premium of approximately 37.19% over the last closing price of HKD 46.14 on January 29, 2026 [1] - If fully converted at the initial conversion price, the bonds will convert into approximately 185 million H-shares, accounting for about 3.09% of the existing issued H-shares and approximately 0.70% of the total issued shares as of the announcement date [1] Group 2 - After the bond issuance is completed, the net proceeds from the bond subscription, after deducting the underwriter's commission and other estimated expenses, will be approximately $1.527 billion [2]