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Freshfields advises Zijin Mining Group on multibillion dollar convertible bond issuance and share placement

Global law firm Freshfields Bruckhaus Deringer (‘Freshfields’) has provided English, Hong Kong and US law advice to Zijin Mining Group Co., Ltd. (‘Zijin Mining Group’) on:

(i) the issuance of US$2bn 1.0 per cent, guaranteed convertible bonds due 2029 by Gold Pole Capital Company Limited, a wholly-owned subsidiary of Zijin Mining Group, and unconditionally and irrevocably guaranteed by Zijin Mining Group; and

(ii) the HK$3.9bn placing of 251.9 million new shares in Zijin Mining Group pursuant to Rule 144A and Regulation S under the Securities Act of 1933. Morgan Stanley Asia Limited, CLSA Limited, UBS AG Hong Kong Branch and GF Securities (Hong Kong) Brokerage Limited acted as the joint lead managers and placing agents in the transaction.

Zijin Mining Group is dual-listed on the Hong Kong and Shanghai stock exchanges. Based in China, the company is a leading multinational mining group engaged in the exploration, mining, processing, refining and sales of gold, copper, zinc (lead), lithium, silver, molybdenum and other metallic mineral resources globally. Zijin Mining Group is also engaged in the research, design and application of mining engineering, aiming to provide the materials that improve living standards in a low carbon future.

The convertible bond and finance part of the Freshfields team was led by partner Bing Guan, supported by senior associate Nancy Mu and associates Claire Tang and Jacqueline Cheung. Partner David Yi led on the share placement pursuant to 144A and Reg S regimes and was supported by associate Frank Fan. US securities laws advice was provided by partner Howie Farn supported by counsel Quan Zhou.