CNPC set to announce multi-tranche bond
China National Petroleum Corp (CNPC) is planning to announce an international bond this week, EuroWeek Asia can reveal. The state-owned oil company has hired a huge group of banks to manage the multi-tranche deal.
Bank of China International, Bank of America Merrill Lynch, BNP Paribas, Citi, Deutsche Bank, Morgan Stanley, Standard Chartered and UBS are among the banks understood to have been mandated for the companys international bond debut.
It is not clear how big the deal will be in total, but the
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