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Published on 5/12/2010 in the Prospect News Emerging Markets Daily.

China's PetroChina to sell another RMB 40 billion of medium-term notes

By Devika Patel

Knoxville, Tenn., May 12 - PetroChina Co. Ltd. said it will issue up to RMB 20 billion of medium-term notes in the second tranche of an offering and up to RMB 20 billion in the third tranche. The company sold RMB 11 billion of 4.6% seven-year notes on Feb. 8.

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

PetroChina is a Beijing-based energy firm.


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