BP PLC plans to raise CNY500 million-CNY700 million by selling yuan-denominated bonds, says term sheet

-- The planned issue comes after Tesco PLC raised CNY725 million via a yuan bond issue

-- BP seeks to pay around 1.75% on the planned three-year bonds - term sheet

(Recasts 1st paragraph, adds background on Tesco PLC's issue in the 2nd and 5th paragraphs, background on offshore yuan market in the 6th-7th paragraphs, and Hainan Airlines' latest issuance in the 8th paragraph.)

Source:wsj