China National Petroleum Announces Private Placement Of Exchangeable Bonds, Due 2022 For US$3.01 Billion

Published: Nov 21 2017
Deal Summary

China National Petroleum Corporation, an oil and gas exploration and production company, agreed to issue exchangeable bonds due 2022, for gross proceeds of up to CNY20,000 million (MM) (US$3,011.47 MM), in a private placement.

The bonds will be exchangeable into shares of Petrochina Company Limited.

China National Petroleum explores, produces oil and natural gas, and refines crude oil, and markets petroleum, natural gas and petrochemical products.

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