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

Financial Market
 Search News  Or
Sinopec to issue RMB 5 bln bills

Jul. 23, 2012 (China Knowledge) - Sinopec Group, the parent co of Sinopec<600028><0386>, Asia's largest oil refiner, announced it plans to issue RMB 5 billion in super short-term bills with a maturity of 90 days on the interbank market on July 24.

The oil refiner said in a statement that the bills will be issued at the face value, and the coupon rate will be determined in the process of book-building.

Both value date and payment due date is set on July 25, and the to-be-issued bills tradable July 26.

China Lianhe Credit Rating Co Ltd has rated the issuer AAA.

China Development Bank and China Construction Bank Corp<601939><0939> will be joint lead underwriter for the offering.

The issuer said RMB 3 billion of the proceeds will be used to repay bank loans, while the remaining RMB 2 billion will be used to replenish working capital.

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