Hong Kong’s Kunlun Energy plans RMB 6.5 billion tranche of MTNs

By Marisa Wong

Morgantown, W.Va., Jan. 26 – Kunlun Energy Co. Ltd. is registering to issue up to RMB 10 billion of medium-term notes and is planning an initial tranche capped at RMB 6.5 billion, according to a company announcement.

Proceeds will be used to repay debt and to replenish working capital.

Kunlun’s main activities are processing, storage and transportation of liquefied natural gas and distribution of liquefied petroleum gas. The company is based in Hong Kong and is a subsidiary of Beijing-based China National Petroleum Corp.

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