China Petroleum & Chemical Corp. (SNP), or Sinopec, on Thursday priced CNY20 billion (US$2.93 billion) worth of bonds, in the country's largest issue of exchange-traded corporate debt, two people familiar with the situation said.

Sinopec, Asia 's largest refiner by capacity, set the yield for the CNY10 billion five-year tranche at 3.75%, in the middle of the 3.50%-4.00% indicative range it set earlier this week, said the people, who declined to be named.

The state-run refiner also set the yield for the CNY10 billion 10-year tranche at 4.05%, close to the center of the 3.85%-4.35% indicative range, they added.

Sinopec had initially planned to offer CNY5 billion worth of five-year bonds and CNY15 billion 10-year bonds but changed the amounts at the last minute to meet shifts in demand, the people said.

The bonds will be listed and traded on the Shanghai Stock Exchange.

Διαβάστε ακόμα