cosl

Huadian Fuxin Energy is the latest Hong Kong-listed Chinese company to raise capital via a private placement, following similar deals by China Oilfield Services and China Suntien.

Strong investor response and tight pricing mark a successful maiden international bond issue from China Oilfield.

CNOOC subsidiary China Oilfield Services buys fast-growing Awilco Offshore, valuing the firm at $3.8 billion and creating the world's eighth largest rig fleet.