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Sinopec Group sells USD6.4 bln dual-currency bonds

2015-04-22 12:16

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China's top oil refiner Sinopec Corp. (SNP.NYSE; 600028.SH; 0386.HK) Wednesday announced that it had successfully issued 6.4 billion US dollars worth of fixed rate bonds. Included are 4.8 billion US dollar bonds and 1.5 billion Euro bonds with overall financing costs at around 2.55 percent.

The bonds have three-year, five-year, seven-year, ten-year and 30-year terms. Sinopec Group expected money raised from the issuance would be settled on April 28.

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