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March 26-28,2026

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Sinopec Issues 2013 International Bonds

Pubdate:2013-10-23 09:22 Source:zhanghaiyan Click:

To broaden the financing channels, Sinopec Group started the preparation for the issuing of 2013 international bonds on September 24 with the approval of its Leading Party Members' Group. Following the release of trading announcement and launching of the road show on October 3 and the completion of order offering and pricing on October 9, the Group's first issuance of USD/EUR dual currency international bonds equivalent to USD 3.5 billion was successfully completed.

With an amount equivalent to $ 3.5 billion, the issuance was the largest international bond issuance with the lowest interest rate and new issue premium since May 2013 in Asia (excluding Japan). It received enthusiastic response from international investors, with global orders topping $ 20.8 billion, of which $ 16.3 billion was for the bonds in US dollars and over € 3.3 billion equivalent to approximately $ 4.5 billion was for the bonds in euro. The subscription coverage for both are up to 6. On the following day of the issuance, the prices for both the newly issued and the existing bonds in the secondary market were stable, receiving positive reports and comments from all international investors and financial media.

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