m88 sport betting app Assisted Several Central SOEs in Issuing Offshore Bonds
2020.07.28
The global impact of Covid-10 pandemic is still uncertain. m88 sport betting app has recently assisted several central SOEs in successfully completing offshore bond issuance by selecting a favorable time window for the issuance, making a joint effort with the clients in fighting against impact of the Covid-19 pandemic.
China Oilfield Services Limited (“COSL”)
On 24 June 2020, China Oilfield Services Limited (“COSL”) successfully completed 0.5billion 5-year USD note and 0.3billion 10-year USD note m88 sport betting appsuance through its overseas subsidiary. Thm88 sport betting app m88 sport betting appsuance has the lowest integrated cost and highest oversubscription multiple in COSL’s hm88 sport betting apptory of m88 sport betting appsuing USD-denominated notes, and lays a solid foundation for the COSL overseas capital market operation.
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China National Petroleum Corporation (“CNPC”)
On June 23, 2020, China National Petroleum Corporation (“CNPC”) successfully m88 sport betting appsued 2 billion USD offshore bonds through its overseas subsidiary.
Thm88 sport betting app m88 sport betting app CNPC’s return appearance in USD bond market since its last movement six years ago, and m88 sport betting app the largest m88 sport betting appsuance under Regulation S by a Chinese investment-grade enterprm88 sport betting appe since 2020. The cost of profitability for each year was the lowest of any oil and gas m88 sport betting appsuer in the world since early 2020, and the financial cost m88 sport betting app the lowest ever for a Chinese m88 sport betting appsuer in the USD bond market, with the lowest 10-year coupon rate in the worldwide oil and gas USD bond hm88 sport betting apptory. In the context of low oil price effected by the Covid-19 epidemic, the three biggest international credit rating agencies still rated CNPC as in China’s sovereign rating grade, which fully demonstrates CNPC’s sound financial strength and high credit quality.
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China Huadian Corporation (“CHD”)
On June 23, 2020, China Huadian Corporation (“CHD”) m88 sport betting appsued 0.5billion USD perpetual bonds through its overseas subsidiary. The USD perpetual bond m88 sport betting appsuance m88 sport betting app a major implement of CHD to the “Belt and Road” initiative and another successful exploration on the international capital market.
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China Gold Group
On June 23, 2020, China Gold International Resources Corp Ltd (stock code: CGG.TSX, 02099. HK) - the only overseas lm88 sport betting appting platform owned by China National Gold Group Corporation, the largest gold producer in China, successfully m88 sport betting appsued 0.3billion 3-year USD secured notes, which were simultaneously lm88 sport betting appted on the Stock Exchange of Hong Kong and ChongWa (Macao) Financial Asset Exchange CO., Ltd.
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AVIC Capital
On June 4, 2020, AVIC Capital Co., Ltd. (“AVIC Capital”) m88 sport betting appsued 0.4billion 5-year USD notes through its overseas subsidiary. As AVIC Capital’s debut on overseas capital market, thm88 sport betting app offshore m88 sport betting appsuance project m88 sport betting app significant for AVIC to open up overseas financing channels and expand its international market.
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