Sinopec adds $2bn to coffers with triple-tranche bond

oil worker px230
By Addison Gong
05 Nov 2019

State-owned China Petrochemical Corp (Sinopec) raised $2bn from three dollar bonds on Monday, making a rapid comeback to the debt market.

Global co-ordinators Bank of China, Citi, Goldman Sachs, ICBC International and JP Morgan set the initial price guidance for the five and 10 year bonds at the 120bp and 150bp areas over US Treasuries, respectively, and at the 3.65% area for a 30 year. 

The 144A/Reg S deal ...

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