CNPC pushes out $2 billion bond to fund offshore forays

China's biggest oil company hits offshore markets with a triple tranche deal and is warmly welcomed by investors despite Fitch's China downgrade.

Denise Wee

April 11, 2013

China National Petroleum Corp (CNPC), the country’s biggest oil company, closed a $2 billion triple-tranche US dollar bond early Wednesday morning. The company was wading into offshore debt markets for the third time and attracted a warm welcome from investors.

¬ Haymarket Media Limited. All rights reserved.

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