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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