China Oilfield jacks up huge demand

China Oilfield was priced just off the top of its indicative range on Friday after receiving double digit oversubscription on both its retail and institutional tranches. The 1.334 billion share deal (pre shoe) saw its institutional book close 15 times oversubscribed and retail book close 18 times oversubscribed, triggering a clawback, which will result in a final allocation of 70% to institutions and 30% to retail.