China Oil and Gas (HKG:0603) said it has launched a cash tender offer to purchase its outstanding 4.7% senior notes due 2026, with an aggregate principal amount of $361 million, according to a Tuesday Hong Kong bourse filing.
The offer price is $1,000 per $1,000 principal amount, with accrued interest payable on notes accepted for purchase.
Proceeds from the new US dollar bond issue will be used to fund the tender offer and for general corporate purposes.
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