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IS - Sinopec’s BVI-based finance arm floats $2B debt - August 2019



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China Petroleum & Chemical Corp., or Sinopec, issued $2 billion in debt through its British Virgin Islands based finance arm. China’s largest petroleum and chemical company sold $800 million principal amount of 2.5% notes due 2024, $700 million in 2.95% notes due 2029 and $500 million in 3.68% notes due 2049. The new notes bring the A+ rated finance company’s debt outstanding to $4.4 billion, all of which has been denominated in US dollars......
 
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