China Oilfield Services' Unit Issues 5 Billion Yuan Offshore Bonds; Shares Down 4%

MT Newswires Live

03/18

China Oilfield Services' (HKG:2883, SHA:601808) unit, COSL Singapore Capital, completed the issuance of 5 billion yuan in offshore bonds, according to a Shanghai bourse filing on Wednesday.

The bond has an interest rate of 1.95% per annum, payable semi-annually, and will mature in three years.

Proceeds from the issuance will be used to pay the company's debt and for its general corporate purposes.

The oilfield services company's Shanghai shares dropped less than 4% during the morning trade.

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