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Sinopec Officially Issued Dual Currency International Bonds Equivalent to USD 6.4 Billion
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Sinopec Group successfully issued fixed-rate dual currency bonds equivalent to USD 6.4 billion on April 22, which consisted of USD 4.8 billion and EUR 1.5 billion, covering 3-year, 5-year, 7-year, 10-year and 30-year terms of maturity, at an overall financing cost rate of about 2.55%. It was the biggest ever USD/EUR dual currency bonds issued by an Asian company, creating a record of the lowest ever issuance interest rate attained by an Asian company in the European bond market and the lowest issuance rate for all terms of maturity attained by a Chinese company in international bond market since 2014.

Information source: sinopec
2015-04-22
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