Apr
25
Sinopec Said to Plan $3 Billion Bond Offering to Refinance Debt
ByChina Petroleum & Chemical Corp., which owns China’s largest oil refiner, is planning to sell $3 billion of bonds in four parts to refinance debt, according to a person with knowledge of the matter.
The biggest portion of the financing for the state-owned energy company known as Sinopec Group will be $1 billion of three-year bonds that may yield 1.2 percentage points more than similar-maturity U.S. Treasuries, said the person, who asked not to be identified because the information is private. The longest part would be $400 million of 30-year bonds that may yield 4.25 percent…
Sinopec Said to Plan $3 Billion Bond Offering to Refinance Debt
