Mish's Global Economic Trend Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: RealMuLan who wrote (17033)	11/29/2004 12:21:17 AM
From: RealMuLan	Read Replies (1) of 116555

CNOOC spending spree may follow US$1b bond sale Tim LeeMaster and Gladys Tang CNOOC - China's largest offshore oil and gas company - plans a potential US$1 billion (HK$7.8 billion) convertible bond sale to fund capital expenditure and other corporate purposes that the company did not specify. The issue will initially be set at US$750 million with a US$100 million option to increase and another US$150 million greenshoe, bankers said. Analysts, who had not been notified of the issue by CNOOC, expect the company to go on a spending spree. ``Unlike PetroChina, CNOOC can buy overseas assets without going through its parent,'' DBS Vickers Securities senior analyst Gideon Lo said. ``It's possible the company is getting well-equipped for overseas acquisitions,'' Lo said. thestandard.com.hk

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next