Funds News
- Sinopec plans bond issue to fund Puguang
Date: 30-May-2007 Sources: (Shenzhen Daily)
SINOPEC Corp., China's top refiner, plans to issue 20 billion yuan (US$2.62 billion) of long-term domestic bonds to help fund the development of its massive Puguang gas field, a company official said yesterday.
The money raised would be part of planned investment of around 65 billion yuan to exploit the deposits in southwestern Sichuan Province and build a pipeline to carry its gas to the booming east coast, investor relations officer Huang Wensheng said on the sidelines of the firm's annual general meeting.
Sponsor Results:
