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CNOOC hires for US$ SEC-registered bonds

2018-04-23 16:20:25

IFR

China National Offshore Oil Corp has hired banks for a proposed SEC-registered US dollar bond issue.

Bank of China, Citigroup, Credit Suisse, Goldman Sachs, HSBC and JP Morgan are joint global coordinators for meetings with US investors, starting today. They are also joint bookrunners with ICBC International, Mizuho Securities, Natixis and Societe Generale.

Wholly owned subsidiary CNOOC Finance (2015) USA will issue the notes, which will have a guarantee from CNOOC. The notes are expected to be rated A1/A+ (Moody's/S&P), in line with the guarantor.