On March 1, 2019, Zhaojin Mining Co., Ltd. (1818.HK) (hereinafter referred to as "Zhaojin Mining") made the first issuance of its overseas USD bond on the Hong Kong Stock Exchange through its overseas subsidiary. The US$300 million bond was issued this time, with a coupon rate of 5.5% for a term of three years. This issuance further strengthened the financing capacity of Zhaojin Mining in the international capital market.
As a comprehensive large-scale enterprise integrating exploration, mining, mineral concentration and smelting, Zhaojin Mining specializes in the development of the gold mining industry. It is one of the leading gold miners and one of the largest gold smelting enterprises in China. In 2017, Zhaojin Mining accounted for 9.5% of the gold resources and 5.6% of mineral gold production capacity of the country. It possesses 1,252 tons of gold resources, with recoverable reserves of 528 tons.
As the Chinese legal counsel for the issuer in this project, DeHeng set up a project team led by Yuan Lina, a partner of DeHeng's office in Shanghai to provide professional, high-quality and comprehensive services for this issuance.