CNOOC
Ltd., the internationally listed subsidiary of China National
Offshore Oil Corporation, has successfully issued bonds worth
US$500 million in the United States.
The issue comprises 200 million US dollars worth of bonds to mature
in 2013 and 300 million US dollars for 2033. The latter is the
longest bond term ever offered by a Chinese company in the US
capital market.
CNOOC Ltd, which floated the initial public offering overseas in
February 2001, said the net proceeds of the bond offer would be
used for general corporate purposes.
(Xinhua News Agency May 17, 2003)