Western Mining successfully issues CNY 1bn innovation bonds

Western Mining Co., Ltd. announced the successful completion of its first phase of 2025 technology innovation corporate bonds issuance, specifically targeted at professional investors and supporting the development of the western region. The total issuance size reached CNY 1 billion, with a bond maturity of 5 years and an issue price of CNY 100 per bond. The coupon rate is set at 2.5%. The issuance, conducted through offline placement to professional institutional investors, concluded on April 15, 2025. The bond issuance was approved at the company's board meeting on June 20, 2024, and the second extraordinary general meeting of shareholders on July 8, 2024. The China Securities Regulatory Commission approved the registration application on December 13, 2024.