Sinopec mandate for $2.5bn imminent

Banks have submitted their bids to China Petroleum & Chemical Corp’s $2.5bn loan with dealers expecting an announcement on the mandate imminently.

  • By Rashmi Kumar
  • 29 Oct 2013

Around 10 banks sent in their bids after the borrower — also called Sinopec Corp — issued a request for proposals at the end of September.

The proceeds will be used by the company, which is controlled by state-owned Sinopec Group, for general corporate purposes.

Sinopec ...

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