CMOC Raises US$1.2 Billion via Zero-Coupon Convertible Bonds for Overseas Expansion
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest update is out from China Molybdenum Co ( (HK:3993) ).
CMOC Group Limited has completed the issuance of US$1.2 billion zero coupon guaranteed convertible bonds due 2027 under its general mandate, with the bonds listed on the Vienna MTF of the Vienna Stock Exchange as of 26 January 2026. The company plans to use about 40% of the net proceeds to fund expansion and sustaining capital for its overseas mining and processing assets, and about 60% to bolster flexibility in overseas trade working capital and for general corporate purposes, while subsequent CSRC filings will be made; full conversion of the bonds at the initial conversion price of HK$28.03 per H share would modestly increase total share capital and introduce bondholders as new H-share investors, slightly diluting existing shareholders but supporting CMOC’s international growth strategy.
The most recent analyst rating on (HK:3993) stock is a Buy with a HK$25.90 price target. To see the full list of analyst forecasts on China Molybdenum Co stock, see the HK:3993 Stock Forecast page.
More about China Molybdenum Co
CMOC Group Limited, also known as China Molybdenum, is a PRC-incorporated mining company focused on the exploration, mining, processing and trading of mineral resources, with a strong emphasis on overseas mining and processing assets and related international trade activities.
YTD Price Performance: 11.23%
Average Trading Volume: 44,251,347
Technical Sentiment Signal: Buy
Current Market Cap: HK$529.2B
Learn more about 3993 stock on TipRanks’ Stock Analysis page.
