Cnooc bond

Cnooc's undersized 30-year bond attracts huge interest

Cnooc, a state-owned Chinese oil company, draws $17 billion of demand for its 10- and 30-year bonds, but leaves investors clamouring for more after refusing to upsize the popular longer-dated tranche.

<div style="text-align: left;"> CNOOC disappoints investors with small 30-year bond </div>

Denise Wee

April 27, 2012

Chinese offshore oil and gas company Cnooc closed a $2 billion dual-tranche bond early on Thursday morning, amassing the biggest order book ever generated for a Chinese company in the international bond markets.

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