13-05-2025
Sinopec Seeks $994 Million Via Bonds Exchangeable Into Stock
Sinopec, China's biggest crude oil processor, is seeking to raise HK$7.75 billion ($994 million) from the sale of exchangeable bonds to refinance existing offshore debt.
A unit of China Petrochemical Corp., or Sinopec Group, is offering the bonds that will be exchangeable into shares of Hong Kong-listed subsidiary China Petroleum & Chemical Corp., terms of the deal seen by Bloomberg News show.
