CNOOC Ltd (CEO) announced the pricing of offering of $4 billion of guaranteed notes. The company said that the offering consists of $750 million of 1.125% guaranteed notes due 2016, $750 million of 1.750% guaranteed notes due 2018, $2,000 million of 3.000% guaranteed notes due 2023 and $500 million of 4.250% guaranteed notes due 2043.
The Notes will be issued by CNOOC Finance (2013) Limited, a wholly owned subsidiary of the Company incorporated in the British Virgin Islands, and will be guaranteed by the company.
The company expects offering net proceeds to be approximately $3.942 billion.
CNOOC intends to use offering proceeds mainly to repay part of a $6.0 billion short-term credit facility that was entered into for the purpose of financing the Company's recent acquisition of Nexen Inc.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.