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Published on 7/3/2017 in the Prospect News Convertibles Daily.

China National Petroleum plans bonds exchangeable for PetroChina stock

By Marisa Wong

Morgantown, W.Va., July 3 – PetroChina Co. Ltd. said controlling shareholder China National Petroleum Corp. is planning to issue corporate bonds exchangeable for A shares of PetroChina.

PetroChina said China National Petroleum obtained regulatory approval for the proposed exchangeable bonds on June 30.

Both oil and gas companies are based in Beijing.


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