Chinese state-owned groups hot for euro bonds

Cnooc has set the benchmark for other Chinese state-owned enterprises in issuing euro-denominated bonds, with Sinopec being the latest to seek an offering.
China’s biggest refiner has mandated several banks to arrange a series of fixed-income investor meetings in Europe.
China’s biggest refiner has mandated several banks to arrange a series of fixed-income investor meetings in Europe.

Sinopec is keen to diversify its fundraising efforts in European markets, following in the footsteps of Cnooc, which managed to competitively price a euro-denominated tranche last week.

¬ Haymarket Media Limited. All rights reserved.

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