Zijin Mining to Raise US$1.5 Billion via Zero-Coupon Convertible Bonds
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Zijin Mining Group Co ( (HK:2899) ) has shared an update.
Zijin Mining Group Co., Ltd. has announced that its Hong Kong-incorporated subsidiary Jinkai Investment Holdings Limited plans to issue US$1.5 billion of zero-coupon guaranteed convertible bonds due 2031 under the company’s existing general mandate. The bonds, to be subscribed by a syndicate of managers under a subscription agreement signed on 29 January 2026, will be unconditionally and irrevocably guaranteed by Zijin Mining and will be convertible into H shares at an initial conversion price of HK$63.30 per share, subject to adjustments, providing the company with a substantial potential equity-linked funding source and offering investors a structured avenue to gain exposure to its Hong Kong-listed stock.
The most recent analyst rating on (HK:2899) stock is a Buy with a HK$52.00 price target. To see the full list of analyst forecasts on Zijin Mining Group Co stock, see the HK:2899 Stock Forecast page.
More about Zijin Mining Group Co
Zijin Mining Group Co., Ltd. is a major Chinese mining company engaged in the exploration, development and production of mineral resources, with a particular focus on gold, copper and other non-ferrous metals. Listed in Hong Kong, it raises capital in international markets to support its resource development and expansion activities.
Average Trading Volume: 60,576,907
Technical Sentiment Signal: Buy
Current Market Cap: HK$1193.4B
Find detailed analytics on 2899 stock on TipRanks’ Stock Analysis page.
