Sinopec completes largest dollar bond of 2016

Reception to Chinese oil major shows investors still like some energy-related names.

Sinopec completes largest dollar bond of 2016

Asia’s leading oil refiner, Sinopec, completed the largest offshore bond of the year from Asia ex-Japan on Monday, raising $3 billion from a four-tranche offering.

Sinopec likes setting records, having last tapped the bond markets almost one year ago with a $6.4 billion five-tranche bond that represents Asia’s second largest corporate bond on record behind Alibaba’s mammoth $8 billion deal.

Its new Aa3A rated deal will also go some way...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...