China Oil and Gas calls $250 million of 5˝% notes due 2023 at 102.75

By William Gullotti

Buffalo, N.Y., March 22 – China Oil and Gas Group Ltd. announced a partial redemption of $250 million of its $350 million outstanding 5˝% senior notes due 2023 (ISIN: XS2016070190), according to a company announcement on Tuesday.

The notes will be redeemed at 102.75 plus accrued interest on April 5, after which $100 million will remain outstanding.

The redemption will be funded by using a portion of a drawdown from the company’s credit facility dated Dec. 31.

Hong Kong-based China Oil and Gas invests in natural gas and energy-related businesses.

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