Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

Company - Domestic
 Search News  Or
CNPC to issue RMB 20 bln super short-term bills

Jan. 4, 2012 (China Knowledge) - China National Petroleum Corp or CNPC, the parent company of PetroChina Co Ltd<601857><0857>, announced today that it will issue RMB 20 billion worth of 270-day unsecured bills on the interbank market on January 6, sources reported.

Coupon rate will be determined in the process of book-building. Both value date and payment due date will be January 6, and the to-be-issued bills are tradable on January 9.

Proceeds from the issue will be used to replenish working capital, said the issuer.

Industrial and Commercial Bank of China<601398><1398> and Bank of China<601988><3988> have been assigned as the joint lead underwriters.

This will be the issuer's first short-term bill this year.

In addition, CNPC will issue not more than RMB 20 billion of fixed-rate corporate bonds, comprising 7-year bonds and 10-year bonds, on January 10. China Lianhe Credit Rating Co Ltd has rated the issuer and bonds AAA and AAA, respectively.

CITIC Securities Co<600030>, China Development Bank Securities, Hongyuan Securities<000562> and Guotai Junan Securities Co Ltd will be the joint lead underwriters.

Add this     
Copyright © "2015"

Send feedback or comments to:

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services


 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved