Western Mining issues RMB1 bn innovation bonds

Western Mining Co., Ltd. successfully concluded the issuance of its 2025 public technology innovation corporate bonds (supporting western development) (second tranche) to professional investors on November 20, 2025. The final issuance size reached RMB1 billion, with a coupon rate of 2.12%.

The bonds, with a three-year term and an issuance price of RMB100 per bond, were offered through an inquiry and allotment process to professional institutional investors.

The bond issuance was approved by the company's eighth board of directors' tenth meeting and the second extraordinary general meeting in 2024, on June 20, 2024, and July 8, 2024, respectively. The registration application for these bonds also received approval from the China Securities Regulatory Commission.