China Oilfield attracts enthusiastic demand for $1 billion debut bond

Strong investor response and tight pricing mark a successful maiden international bond issue from China Oilfield.

China Oilfield attracts enthusiastic demand for $1 billion debut bond
China Oilfield Services provides drilling and other services for the offshore oil industry (AFP)

China Oilfield Services COSL is the latest mainland oil and gas company to tap the international bond markets, attracting strong demand for a 10-year issue priced late on Thursday night.

COSL, the leading oilfield services provider in the offshore Chinese market, achieved a low coupon and a tight yield spread. The $1 billion debut issue was launched after a braceĀ of Chinese oil and gas issues in the second quarter of this year....

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