China’s Sinochem Offshore applies to list $5 billion MTN program

By Wendy Van Sickle

Columbus, Ohio, Aug. 9 – China’s Sinochem Offshore Capital Co. Ltd. has applied for listing of an up to $5 billion medium-term note program, according to a filing with the Stock Exchange of Hong Kong Ltd.

The program would allow debt to be issued to professional investors for the 12 months from Aug. 9.

The listing is expected to become effective on Aug. 12.

Arrangers for the program are Citigroup, HSBC and Standard Chartered Bank.

Sinochem Offshore is a wholly owned subsidiary of Sinochem Hong Kong (Group) Co. Ltd., a Hong Kong-based business conglomerate with interests in agriculture, energy, chemicals, real estate and finance.

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