Sinopec Thermal Insulation Material to issue RMB 6 bln in bonds

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Sinopec to issue RMB 6 bln in bondsPublished: 02 Jun 2009 00:44:30 PST<p class="authorInfor"]</p]<!--begin CK content--]<ul class="narrow"]Top 5 News From ChinaKnowledge.comBDA attracts RMB 15.68 bln in investmentHang Seng Index opens 28 points higher on TueHang Seng Index finishes 0.31% lower at middayUBS raises shareholding in Beijing Capital Land to 6.11%CLP Holdings to expand in mainland's wind power marketJun. 2, 2009 (China Knowledge) - Sinopec Finance Co Ltd, a finance subsidiary of China Petroleum &amp; Chemical Corp (Sinopec)<600028><0386><SNP>, the largest refiner in Asia by capacity, on Jun. 5 will issue RMB 3 billion worth of three-year bonds and RMB 3 billion worth of fixed-rate five-year bonds on the interbank market, market sources reported.

The value date and the payment due date will be Jun. 8.

Industrial and Commercial Bank of China<601398><1398> has been assigned as the major underwriter for the issuance, and the book runner is Bank of Communications<601328><3328>.

Sinopec Group, the parent of Sinopec Corp, is the guarantor for the issuance and China Lianhe Credit Rating Co Ltd has rated the bonds AAA.

Reportedly, Sinopec delivered the first batch of diesel oil meeting the Euro 5 emission standard to Hong Kong earlier this month.


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