China Petrochemical raises $132m from CB

The company will use proceeds from the convertible bond to build a greenfield plant on the mainland next year.

China Petrochemical Development raised $132 million from a zero-coupon convertible bond on Thursday to help it fund construction of a greenfield plant in the mainland’s Jiangsu province.

¬ Haymarket Media Limited. All rights reserved.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media