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Published on 3/20/2009 in the Prospect News Emerging Markets Daily.

New Issue: PetroChina sells RMB 15 billion three-year notes to yield 2.28%

By Susanna Moon

Chicago, March 20 - PetroChina Co. Ltd. said it issued RMB 15 billion of three-year medium-term notes in a second tranche of its planned offering.

The fixed-rate notes priced at par to yield 2.28%.

China International Capital Corp. Ltd. is the lead underwriter. Industrial and Commercial Bank of China Ltd. is the co-lead underwriter.

PetroChina is a Beijing-based energy firm.

Issuer:PetroChina Co. Ltd.
Issue:Medium-term notes
Amount:RMB 15 billion
Maturity:Three years
Underwriters:China International Capital Corp. Ltd. (lead); Industrial and Commercial Bank of China Ltd. (co-lead)
Coupon:2.28%
Price:Par
Yield:2.28%
Pricing date:March 19
Settlement date:March 20

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