Zhaojin Mining (01818) has announced its intention to proceed with the first tranche of its 2026 public offering of tech innovation perpetual corporate bonds, specifically designed for professional investors, with a maximum total size capped at RMB 1.2 billion (inclusive).

The upcoming tranche marks the second issuance under the overall bond program, targeting professional institutional investors and is slated for listing on the Shanghai Stock Exchange. The bonds will be identified by the short name Zhaojin YK03 with the security code 246042.SH.

Each bond will have a face value of RMB 100, with the offering price set at par, i.e., RMB 100 per bond. The final issuance scale is subject to adjustment based on subscription levels received by the issuer and the lead underwriter.

The bookbuilding process for the coupon rate has been set within a range of 1.30% to 2.30% (including both bounds). The definitive coupon rate will be established through the bookbuilding mechanism, in accordance with relevant national regulations, following consultations between the issuer and the lead underwriter.