04 January 2012 10:55 [Source: ICIS news]
GUANGZHOU (ICIS)--China National Petroleum Corp (CNPC) is planning to sell yuan (CNY) 20bn ($3.18 billion) of 270-day bonds to Chinese institutional investors on 5 January, the country’s biggest oil and gas producer said on Wednesday.
Interest rates for the bonds will be decided by bidding results on 5 January, the prospectus said.
CNPC produced 107.53 million metric tons of crude oil in 2011, an increase of 2.12 million tons from 2010.
($1 = CNY6.29)
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