Bonds News
- Sinopec starts selling 10-year bonds
Date: 11-May-2007 Sources: (Shenzhen Daily)
CHINA Petroleum & Chemical Corp., Asia's largest refiner, started selling 5 billion yuan (US$650 million) of domestic bonds Thursday to help fund ethylene projects in China.
The 10-year bonds will carry an annual coupon of 4.2 percent, the Hong Kong and Shanghai-listed company said in a statement. Sinopec, as China Petroleum is known, will use the money for ethylene projects in cities including Tianjin and Guangzhou, it said in the statement
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