China’s ENN Energy plans Friday roadshow for dollar-denominated bonds

By Angela McDaniels

Tacoma, Wash., Oct. 9 – ENN Energy Holdings Ltd. planned to begin a roadshow for an offering of dollar-denominated bonds on Friday, according to a Thursday news release from the company.

UBS AG, Hong Kong Branch and Hongkong and Shanghai Banking Corp. Ltd. are the joint global coordinators, joint bookrunners and joint lead managers of the proposed Regulation S issue.

The company plans to use the proceeds to fund part of the RMB 4 billion to be paid in connection with its acquisition of 1.12% of Sinopec Marketing Co., Ltd. and for general corporate purposes, including working capital.

ENN Energy is a Lanfang, China-based investment holding company that invests in, operates and manages gas pipeline infrastructure and sells and distributes gas.

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