China Oilfield Services to issue 6 bln yuan in domestic bonds
26/11/2008 15:40
Offshore field services provider China Oilfield Services Ltd said today it
will issue up to 6 billion yuan (US$882.4 million) worth of domestic
bonds.
This is the third large domestic oil company to announce a bond issue
in China recently. Sinopec and PetroChina have announced plans to issue 20
billion yuan and 60 billion yuan of bonds, respectively.
China Oilfield's
plan was passed by the board of directors yesterday and will be presented to a
shareholders' meeting, the company said in a statement to the Shanghai Stock
Exchange.
Further details will be released tomorrow, said the
statement.
Shares of China Oilfield rose 1.31 percent to 10.82 yuan today in
morning trading.
Xinhua
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