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Prospect News home > News index > List of issuers C > Headlines for China National Petroleum Corp. > News item
Published on 9/15/2017 in the Prospect News Convertibles Daily.

China National Petroleum to sell RMB 20 million five-year bonds exchangeable for PetroChina shares

By Stephanie N. Rotondo

Seattle, Sept. 15 – China National Petroleum Corp. intends to issue RMB 20 million of five-year bonds exchangeable for PetroChina Co. Ltd. stock, PetroChina said in a form 6-K filed with the Securities and Exchange Commission on Friday.

China National is PetroChina’s majority shareholder, holding about 84.64% of the outstanding share capital.

The offering is contingent upon receiving regulatory approval in China.

PetroChina is a Beijing-based oil and gas company.


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