Sinopec bonds to raise 50b yuan to fund projects

PUBLISHED : Monday, 29 August, 2011, 12:00am
UPDATED : Monday, 29 August, 2011, 12:00am
 

Sinopec Corp, whose profits rose 11.9 per cent to 41.17 billion yuan (HK$50 billion) in the first half, said it planned to sell 50 billion yuan in domestic corporate and convertible bonds. Issued on the mainland, they will fund construction of its liquefied natural gas project in Shandong and upgrade several oil refinery projects.

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