Sinopec turns on tap for $500m financing

07 Aug 2012

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 ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.