Sinopec hits market with year’s second outing
China Petrochemical Corp (Sinopec) is making a rapid comeback to the dollar bond market. It announced a triple-tranche transaction on Wednesday, just five months after nabbing an impressive $3.4bn from investors.
The state-owned enterprise opened its new transaction with initial price guidance at the 105bp over US Treasuries area for a three year tranche, 125bp over area for a five year, and 145bp over area for a 10 year.
Bank of China, Citi, Goldman Sachs, HSBC, ICBC International and
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