CNPC (HK) makes loan market debut through dual-tranche facility

CNPC (HK) is preparing to tap a dual-tranche facility to raise $100 million that will be utilised for capital expenditure.

Prakash Chakravarti

June 14, 2002

Hong Kong-listed CNPC (HK) is preparing to tap a dual-tranche facility to raise $100 million that will be utilised for capital expenditure. The facility marks the company's debut in the loan markets and pays a margin of 40bp over Libor. Sumitomo Mitsui Banking Corporation (SMBC) is the sole mandated arranger.

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