09 May 2013
CICC Assisted CNOOC Successfully Issuing US$4 Billion Senior Notes

China National Offshore Oil Corporation Limited (“CNOOC”) successfully issued US$4 billion Senior Notes on March 9th, 2013. Both the company and the notes are rated AAA by Moody’s and AA- by S&P. This issuance is the first SEC registered issuance by a Chinese state-owned company and the largest ever overseas bond offering by a Chinese issuer. The issuance is also the third largest global bond offering by an Asian issuer, the second largest global bond offering from the Asian oil and gas industry, and the largest ever 10-year bond offering by an Asian issuer. CICC acted as Joint Lead Manager and Joint Book runner in the transaction.