CNOOC seeks $3bn for Aussie acquisition
China National Offshore Oil Corp is speaking to banks about raising $3bn of debt, just six months after it borrowed $6bn through a loan.
The new self-arranged financing is split between a $2bn one year tranche and a $1bn five year portion, according to a banker.
CNOOC is predominantly speaking to relationship lenders to provide the financing.
The state-owned energy explorer will use the loan to fund its recent acquisition in Australia, ...Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: subs@globalcapital.com
Or sign up for a trial to gain full access to the entire site for a limited period.
Corporate access
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.
