Dollar/euro combo shows off Sinopec’s 'elite' status
China Petrochemical Corporation (Sinopec) hit the market on April 21 with a mammoth $6.4bn offering that was split between two currencies and five tranches. While the size of the transaction was impressive enough, it was the deal’s top notch pricing and distribution that drew attention with bankers claiming that Sinopec now belongs to an elite class of issuers.
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