Zijin Mining Group (02899) announced that all preconditions under the subscription agreement have been met and the total principal amount of USD 2 billion bonds have been completed on June 25, 2024. The net proceeds of the bond issuance (after deducting payable expenses, commissions, and expenses) will be approximately USD 1.979 billion. The company plans to use the proceeds from the bond issuance for the refinancing of the group's offshore debt.

In addition, all conditions under the placement agreement have been met and the placement was completed on June 25, 2024, in accordance with the terms and conditions of the placement agreement.

The placement agent successfully placed a total of 251.9 million shares at a placement price of HKD 15.50 per share to no fewer than six placing agents in accordance with the terms and conditions of the placement agreement. This represents approximately 4.39% of the total number of H-shares issued immediately prior to the completion of the placement, and approximately 0.96% of the total number of shares issued, as well as approximately 4.21% of the total number of H-shares issued after the completion of the placement through the issuance and placement of placement shares, and approximately 0.95% of the total number of shares issued. The net proceeds of the placement (after deducting placement commissions and other relevant costs and expenses) will be approximately HKD 3.881 billion. The company plans to use the proceeds for business operations and development in overseas markets.

The net proceeds of the placement (after deducting placement commissions and other relevant costs and expenses) will be approximately HKD 3.881 billion. The company plans to use the proceeds for business operations and development in overseas markets.