28 April 2013
CICC Assisted Sinopec Issuing Its US$3.5 billion Senior Notes
US$3.5 billion Senior Notes guaranteed by China Petroleum & Chemical Corporation has been successfully issued on Apil. 19th, 2013. Total proceeds of this offering was US$3.5 billion. Sinopec and the Senior Notes are both AAA-rated by Moody’s and A+-rated by S&P. This issuance was the largest US note offering ever by a Chinese issuer and the largest bond offering in the past 10 years in Asia at the time of the issuance. CICC acted as Joint Book runner in the transaction.