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China Oil and Gas to redeem 5¼% notes due 2018 on May 21 at 101.3125
By Marisa Wong
Morgantown, W.Va., April 21 – China Oil and Gas Group Ltd. said it will redeem in full its $350 million of outstanding 5¼% senior notes due 2018 on May 21.
The notes will be redeemed at 101.3125 plus accrued interest to the redemption date.
The company said it will pay the redemption price using proceeds from its recent offering of 4 5/8% senior notes due 2022.
Hong Kong-based China Oil and Gas invests in natural gas and energy-related businesses.
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