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Prospect News home > News index > List of issuers C > Headlines for China National Petroleum Corp. > News item
Published on 11/21/2017 in the Prospect News Convertibles Daily.

China National Petroleum gets OK to issue bonds exchangeable into PetroChina shares

By Marisa Wong

Morgantown, W.Va., Nov. 21 – China National Petroleum Corp. obtained regulatory approval to issue bonds exchangeable for PetroChina Co. Ltd. stock, according to a PetroChina announcement.

In September, China National Petroleum proposed RMB 20 million of five-year bonds exchangeable for PetroChina stock.

China National Petroleum is PetroChina’s majority shareholder. PetroChina is a Beijing-based oil and gas company.


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