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China National Petroleum sets talk for dollar notes due in three, five years; pricing Wednesday
By Christine Van Dusen
Atlanta, May 7 - China National Petroleum Corp. set talk for a two-tranche offering of dollar-denominated notes due in three and five years (expected ratings: A1/A+/A+), a market source said.
The three-year floating-rate notes were talked in the Libor plus 95 basis points range.
The five-year fixed-rate notes were talked in the Treasuries plus 130 bps range.
The deal size will be capped at $1.5 billion and issued by CNPC General Capital Ltd.
The notes are expected to be issued on Wednesday.
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