Sinopec To Issue 30B Yuan Convertible Bonds


Monday 2011-08-29  14:36 Publisher: CapitalVue
August 29 -- Sinopec (600028.SH) filed it will issue 30 billion yuan worth of convertible bonds with a coupon rate of no more than three percent, reports

The entire issuance will fund a liquid natural gas program in Shandong province, oil product quality upgrading programs at five production bases, sulfurous crude oil processing technology adaptation and upgrading programs at its Anqing subsidiary, and low-quality crude oil processing and upgrading program in Shijiazhuang city, Hebei province.



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