Anton Oilfield plans to offer RMB 300 million of medium-term notes

By Marisa Wong

Madison, Wis., May 17 - Anton Oilfield Services Group announced that its wholly owned subsidiary, Anton Oilfield Services (Group) Ltd., plans to issue RMB 300 million of medium-term notes in China.

The subsidiary will begin marketing its first issue of notes to investors in the interbank market on May 17.

The notes will have a maturity of three years. Pricing will be determined through a book-building exercise.

Proceeds will be used for investments in operating fixed assets and to supplement general working capital.

The company previously registered with the National Association of Financial Market Institutional Investors of China to issue RMB 500 million of medium-term notes. The registration is valid until March 25, 2014.

After the issue of the first tranche, Anton Oilfield may decide whether or not to issue additional notes.

The Beijing-based company provides technical oil and gas field development services.

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