China’s CMOC to raise $1.2bn in convertible notes
Proceeds from the one-year zero coupon guaranteed bonds will be used to support the non-ferrous metal company’s overseas business.
Proceeds from the one-year zero coupon guaranteed bonds will be used to support the non-ferrous metal company’s overseas business.
January 20, 2026
Chinese mining giant CMOC is proposing a convertible notes issue to raise $1.2 billion. With a tenor of one year, each of the notes can be converted to the issuer’s H shares at an initial conversion price of HK$28.03 ($3.59) per share.
¬ Haymarket Media Limited. All rights reserved.
Sign in to read on!
Registered users get 2 free articles in 30 days.
Subscribers have full unlimited access to FinanceAsia.
Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.
Questions?
See here for more information on licences and prices, or contact [email protected].
AbJimroe