Skadden Advises On Sinopec USD3.4bn Bonds Issue

Legal News & Analysis - Asia Pacific - China - Capital Markets

19 April, 2017

 

China Petrochemical Corporation, also known as Sinopec Group, announced on April 12 that it had issued international bonds worth US$3.4 billion.  The bonds consisted of an offering of US$1 billion of 2.375% senior notes due 2020, US$1.1 billion of 3.000% senior notes due 2022, US$1 billion 3.625% senior notes due 2027 and US$300 million 4.250% senior notes due 2047 by Sinopec Group Overseas Development (2017) Limited. All notes are guaranteed by Sinopec.
 
The Skadden core team includes partner Peter Huang, and associates Ning Dong and Min Lu in Beijing; partner Edward Lam, and associate Vincent Sze in Hong Kong; and partner Sean Shimamoto and associate Yilan Bryant for tax in Palo Alto.