By Marisa Wong
Morgantown, W.Va., Feb. 8 – China National Petroleum Corp. sold RMB 20 billion of bonds exchangeable for A shares of PetroChina Co. Ltd., according to a PetroChina announcement.
The bonds carry a coupon of 1.4%.
China National Petroleum proposed the five-year exchangeable bonds in September and obtained regulatory approval in November, as previously reported.
China National Petroleum is PetroChina’s majority shareholder. PetroChina is a Beijing-based oil and gas company.
| Issuer: | China National Petroleum Corp.
|
| Issue: | Bonds exchangeable for A shares of PetroChina Co. Ltd.
|
| Amount: | RMB 20 billion
|
| Maturity: | Five years
|
| Coupon: | 1.4%
|
| Announcement date: | Feb. 8
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
