On October 10th, by virtue of its own credit, Zijin Mining Group issued first U.S. dollar denominated guaranteed senior notes. The senior notes due 2021 with interest rate of 5.28% are in the aggregate principal amount of US$350 million. The successful issuance of the notes provides the powerful financial support for Zijin’s overseas operation and development.
From Oct 8th to 9th, Zijin held road shows in Hong Kong, Singapore and London respectively. During the road shows, Zijin earned subscription more than 3 times of the total amount. There were 83 accounts which have taken part in the subscription, and those laid the foundation for fulfilling the final issuance. The participating investors were from many countries, of which the European investors had most enthusiasm.
In August, Moody’s Investors Service, Inc. assigned an issuer rating of “Baa3” to Zijin; S&P assigned a long-term issuer credit rating of “BBB-” to Zijin; and Fitch assigned a long-term foreign currency issuer default rating and a senior unsecured rating of “BBB-” to Zijin respectively. All of those are acknowledgement Zijin has received from international capital market to its comprehensive capabilities.
About Zijin Mining
Zijin Mining is a leading global metals and mining company and one of the world’s largest producers of gold, copper, and zinc. The company has more than 30 large-scale mining operations and projects across 19 countries on 5 continents. Leveraging strong in-house research, engineering, and development capabilities, Zijin maintains high operational efficiency and low costs in both acquisitions and operations. This enables the company to be an industry leader in value creation, underpinned by its philosophy of pursuing development for all and sustained by superior environmental, social, and governance performance. Zijin’s shares trade on the Hong Kong Stock Exchange (HKEX: 2899) and the Shanghai Stock Exchange (SSE: 601899).