China Oil And Gas' 4.7% Senior Notes Tender Offer Undersubscribed

MT Newswires Live

02/04

China Oil And Gas Group (HKG:0603) said its tender offer to repurchase 4.7% senior notes due 2026 was under subscribed, according to a Hong Kong bourse filing Wednesday.

The firm had $361 million of the notes outstanding and received valid acceptances for $271.8 million worth of the debt.

The oil and gas company will accept all notes tendered under the offer, after which it will have $89.2 million of the 4.7% senior notes outstanding.

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