China Oil and Gas Plans US Dollar Bond Sale

MT Newswires Live

01/19

China Oil And Gas (HKG:0603) said it plans to issue U.S. dollar-denominated senior notes, according to a Monday Hong Kong bourse filing.

The company said pricing terms, including the issue size, offer price, and coupon, will be set through a bookbuilding exercise.

Proceeds from the proposed notes issue will be used to fund a concurrent offer to purchase the group's outstanding 4.70% senior notes due 2026, as well as for general corporate purposes.

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