E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 6/1/2009 in the Prospect News Emerging Markets Daily.

New Issue: PetroChina wraps RMB 15 billion third tranche of 3.35% notes due 2014

By Susanna Moon

Chicago, June 1 - PetroChina Co. Ltd. said it issued RMB 15 billion of 3.35% five-year medium-term notes at par in a deal that settled May 26.

The offering was the third tranche of medium-term notes in 2009.

Citic Securities Co., Ltd. and China Construction Bank Corp. are the lead underwriters.

The company said on May 18 that it planned to issue up to RMB 26 billion of medium-term notes on the inter-bank debt market.

PetroChina said the resolution passed at a shareholder meeting on July 31 and considers "the current position of the debt capital market."

PetroChina is a Beijing-based energy firm.

Issuer:PetroChina Co. Ltd.
Issue:Medium-term notes
Amount:RMB 15 billion
Maturity:Five years
Underwriters:Citic Securities Co., Ltd. and China Construction Bank Corp.
Coupon:3.35%
Price:Par
Yield:3.35%
Settlement date:May 26

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.