Zoomlion Heavy Industry Science and Technology Co., Ltd. (1157) released details of a RMB6,000,000,000 0.70% U.S. dollar settled convertible bond offering. The Bonds, scheduled to be listed on the Hong Kong Stock Exchange on 6 February 2026, mature in 2031 and can be converted into Zoomlion's H shares at an initial price of HK$10.02 per share.

According to the announcement, the coupon is payable semi-annually at 0.70% per annum. The Issuer may redeem all Bonds after 19 February 2028 if certain price and outstanding principal thresholds are met, and holders of the Bonds have an option to require redemption on 5 February 2029. Unless previously redeemed or converted, each Bond will be repaid at 105.73% of principal amount, plus any accrued interest, on the maturity date.

Zoomlion will allocate 50% of the net proceeds to support the company’s global development strategies, including overseas manufacturing bases and R&D centers in multiple international markets, and the remaining 50% to its innovation-driven and high-quality product development strategies, including research and application of robotics, new energy, and intelligent manufacturing technologies.