Zhitong Finance App News, Zhaojin Mining (01818) issued an announcement. With the approval of the China Securities Regulatory Commission's Securities Regulatory License (2025) No. 436, Zhaojin Mining Co., Ltd. (hereinafter referred to as the “issuer”) was authorized to publicly issue corporate bonds with a total face value of not more than RMB 6 billion to professional investors, using an installment issuance method. Among them, Zhaojin Mining Co., Ltd. will publicly issue science and technology innovation company bonds (second installment) (hereinafter referred to as “current bonds”) to professional investors in 2026. Current bonds are divided into two types. Type 1 has a term of 4 years, with the issuer's right to adjust the coupon interest rate option and the investor's right to resell at the end of year 2; type 2 has a term of 5 years, with the issuer's right to adjust the coupon interest rate option and the investor's right to resell at the end of the 3rd year. The current issue introduces the right to choose between types of bonds. The payback ratio is not limited. The issuer and bookkeeping manager will agree on whether to exercise the inter-type rebate option based on the issuance and subscription situation of the current issue and within the total issuance scale.
On October 12, 2026, the issuer and lead underwriter made an offline inquiry for coupon interest rates from professional institutional investors. According to the results of the inquiry from offline professional institutional investors, after agreement between the issuer and the lead underwriter, it was finally determined that the current bond type 1 had not actually been issued, and the coupon interest rate for type 2 was 1.56%.
The issuer will issue current bonds offline to professional institutional investors from October 13 to October 14, 2026 at the above face rate.