China's Anton Oilfield puts off second tranche of medium-term notes

By Marisa Wong

Madison, Wis., Nov. 30 - Anton Oilfield Services Group said it has decided to postpone an issue of medium-term notes until the second quarter of 2013.

Anton Oilfield registered in May 2012 to issue RMB 500 million of medium-term notes in China. Wholly owned subsidiary Anton Oilfield Services (Group) Ltd. completed the first tranche totaling RMB 300 million that same month.

A second tranche totaling RMB 200 million was planned for the fourth quarter of 2012.

The Beijing-based company said that it needs to reschedule the second tranche due to its capital requirements and that the proposed issuance may or may not take place.

The company said it will make further announcements.

Anton Oilfield provides technical oil and gas field development services.

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