By Marisa Wong
Los Angeles, April 27 – Kunlun Energy Co. Ltd. announced that wholly owned subsidiary PetroChina Kunlun Gas Co., Ltd. issued RMB 1 billion of three-year notes with a coupon of 2.43%.
The company had registered to issue up to RMB 9 billion of medium-term notes, and this is its first tranche.
Proceeds will be used mainly to optimize the company’s debt structure and to supplement daily working capital needs.
Kunlun is a Hong Kong-based oil and gas company and a subsidiary of Beijing-based China National Petroleum Corp.
| Issuer: | PetroChina Kunlun Gas Co., Ltd.
|
| Issue: | Medium-term notes, first tranche
|
| Amount: | RMB 1 billion
|
| Maturity: | Three years
|
| Coupon: | 2.43%
|
| Announcement date: | April 27
|
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