CNOOC Ltd., the internationally listed subsidiary of China National Offshore Oil Corporation, has successfully issued bonds worth US$500 million in the United States.
The issue comprises 200 million US dollars worth of bonds to mature in 2013 and 300 million US dollars for 2033. The latter is the longest bond term ever offered by a Chinese company in the US capital market.
CNOOC Ltd, which floated the initial public offering overseas in February 2001, said the net proceeds of the bond offer would be used for general corporate purposes.
(Xinhua News Agency May 17, 2003)
