Core Viewpoint - Luoyang Molybdenum (03993) has announced that all conditions precedent under the subscription agreement have been fulfilled, and the issuance of bonds totaling $1.2 billion was completed on January 26, 2026 [1] Group 1 - The total principal amount of the bonds issued is $1.2 billion [1]

Group 1 - The core point of the article is that Luoyang Molybdenum (603993) has completed all the conditions precedent under the subscription agreement, and the issuance of bonds totaling 1.2 billion USD has been finalized on January 26, 2026 [1]

Core Viewpoint - Luoyang Molybdenum (603993.SH) plans to issue $1.2 billion of guaranteed convertible bonds through its indirect subsidiary CMOC Capital Limited, with an initial conversion price of HKD 28.03 per share for H-shares [1] Group 1 - The company will provide guarantees for the convertible bonds issued by CMOC Capital [1] - If fully converted at the initial conversion price, the bonds will convert into approximately 334 million H-shares, representing about 8.48% of the existing issued H-shares and approximately 1.56% of the total issued shares as of the announcement date [1] - The conversion will increase the total issued H-shares by approximately 7.82% and the total issued shares by about 1.54% after full conversion [1] Group 2 - After deducting commissions and estimated expenses, the net proceeds from the bond issuance are expected to be approximately $1.188 billion [2] - The company intends to use the proceeds to support the expansion, optimization, and ongoing capital expenditures of its overseas resource projects, enhance operational flexibility, and for general corporate purposes [2]

Group 1 - The company, Luoyang Molybdenum (603993), announced a subscription agreement for the issuance of bonds totaling $1.2 billion, with a conversion price of HKD 28.03 per share, representing a premium of approximately 28.70% over the last closing price of HKD 21.78 on January 19, 2026 [1] - If fully converted at the initial conversion price, the bonds will convert into approximately 334 million H-shares, accounting for about 8.48% of the company's existing issued H-shares and approximately 1.56% of the total issued shares [1] - The converted shares will be fully paid and will enjoy the same status as the existing H-shares on the relevant registration date [1] Group 2 - After deducting the underwriter's commission and other estimated expenses, the net proceeds from the bond issuance are expected to be approximately $1.188 billion [2] - The company plans to use the proceeds to support the expansion, optimization, and ongoing capital expenditures of its overseas resource projects, enhance operational flexibility, and for general corporate purposes [2]