.png){kind=logo}
GC Asia
Sinopec turns on tap for $500m financing
China Petrochemical Corp (Sinopec) took advantage of the strong market tone on Monday to reopen its outstanding 10 year bond, which has heavily tightened since it was issued three months ago.
The company raised $500m from the reopening, and priced the deal at 145bp over Treasuries, in the middle of the final price guidance of between 143bp-147bp. That was just a basis point wider than where Sinopec’s outstanding $1bn 3.9% May 2022 bond was trading before the deal was
...
Already a subscriber? Login
-
Latest news from Corporate Bonds
-
Investors push back on aggressive bond pricing
14 May 2021 -
Technicals give Amazon record spread but inflation tilts curve
13 May 2021 -
Turkish firms ride clashing waves of risk appetite and aversion
13 May 2021 -
US banks: overvexed, overpaid and over here
13 May 2021 -
Amazon wonder-print belies global inflation jitters
13 May 2021
-
-
Latest news from Corporate Bonds
-
Investors push back on aggressive bond pricing
14 May 2021 -
Technicals give Amazon record spread but inflation tilts curve
13 May 2021 -
Turkish firms ride clashing waves of risk appetite and aversion
13 May 2021 -
US banks: overvexed, overpaid and over here
13 May 2021 -
Amazon wonder-print belies global inflation jitters
13 May 2021
-
