Manufacturing Industry
China Petroleum & Chemical Corporation (Sinopec Corp.) issued RMB10 billion short-term bonds on May 16th, 2006 with a term of 183 days.(Brief article)
China Chemical Reporter, May, 2006
China Petroleum & Chemical Corporation (Sinopec Corp.) issued RMB10 billion short-term bonds on May 16th, 2006 with a term of 183 days. The bonds started transaction on May 18th and the leading underwriter is the Construction Bank of China. China Petrochemical Corporation once issued RMB10 billion short-term bonds in January 2006.
CCR estimates that the fund will be used in the purchase of its subsidiaries, but it has not been confirmed by Sinopec Corp.
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