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Admiralty Harbour is a credit-focused financial services firm based in Hong Kong.
Admiralty Harbour Advised on China Nonferrous Mining's Debut Issuance of US$300 million Convertible Bonds
Aug 2026
Congratulations to China Nonferrous Mining (1258.HK) on the successful issuance of its US$300 million 5-year zero coupon convertible bonds, priced at a zero coupon and a negative yield with a conversion premium of 29% over the closing price, setting the conversion price at a record high for the Company. The offering is met with demand form dozens of onshore and offshore long-only funds, multi-strategy investors and hedge funds and was multiple times oversubscribed. The transaction underscores the Company's high-performing copper portfolio, solid cash flow and robust future growth prospects, and clearly demonstrate investors’ confidence in the Company's long-term value. The capital raise will provide funding support for China Nonferrous Mining's resource expansion and overseas acquisitions.

Admiralty Harbour is honoured to have acted as financial adviser to China Nonferrous Mining and co-manager on the offering, with deep involvement throughout the entire process from early-stage planning to launch and execution. Congratulations to China Nonferrous Mining and CNMC Group!