Brief: China Oil & Gas updates on issuance of US$350 mln 4.625 pct senior notes due 2022

China Oil and Gas

12/04/2017 24:31

April 12 (Reuters) - China Oil & Gas Group Ltd  0603.HK : 
    * China Oil & Gas-issuance Of US$350,000,000 4.625 pct 
Senior Notes Due 2022  0603.HK  
    * On 11 April 2017, co and subsidiary guarantors entered 
into purchase agreement with Deutsche Bank and Morgan Stanley in 
connection with notes issue 
    * Gross proceeds of notes issue, before deduction of 
underwriting commissions and other estimated expenses, will 
amount to US$350 million 
    * Intends to use net proceeds from notes issue to repay 
certain existing indebtedness including 2013 notes 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nHKS4QFl0z 
Further company coverage:  0603.HK  
 
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