Sinopec rides bond wave with four-trancher

As part of the latest sale, the oil giant added a 30-year maturity after demand from investors during bookbuilding.

Sinopec rides bond wave with four-trancher

Sinopec, the world’s largest energy company by revenue, made a smooth return to the international bond market on Wednesday, selling a $3.4 billion four-tranche deal.

The 144AReg deal was launched on Wednesday morning, and bankers covered the entire book in the first few hours, according to two syndicate bankers running the deal. The peak order book reached $5.75 billion before the release of final price guidance, making it one of the most heavily-subscribed...

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