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| Sinopect to issue 10b yuan worth of short-term bonds |
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| www.chinaview.cn
2006-07-31 15:46:52
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BEIJING, July 31 (Xinhua) -- China's largest refiner
Sinopec plans to issue 10 billion yuan (about 1.25 billion U.S. dollars) worth
of short-term bonds starting from Wednesday.
The 182-day bonds will be issued via public bidding,
Xinhua-run Shanghai Securities News says on Monday, without further elaboration.
On May 16, Sinopec also issued 10 billion yuan worth
of short-term bonds.
Sinopec (China National Petrochemical Corporation)
carries an A-1 short-term credit rating and its long-term credit rating stands
at AAA, the report says. Enditem
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