Chinese state-owned oil giant's latest dollar-denominated debt offering benefits from conducive market conditions after the Fed kept its interest rates unchanged.
Sinopec and Cnooc debt offerings sustain China as the region's biggest issuer, while the Philippines vaults into second place due to a dearth of issuance from Korea and India.
A consortium of Citic Capital, Boyu Capital, Canada Pension Plan, KKR and TPG has bid for a 30% stake in Sinopec's retail unit, worth potentially more than $20 billion.
Reform of China’s sprawling state-owned enterprises is generating lucrative assignments for bankers. However they must be in it for the long-haul as change will take time.
China’s largest refiner issued the multi-tranche $5 billion jumbo for refinancing and capital expenditure purposes while interest rates remain favourable.