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PetroChina grosses 20.00 billion yuan from debt offering

PetroChina Co. Ltd. raised gross proceeds of 20.00 billion yuan from an offering of 4.03% unsecured notes due 2018.

The company plans to use the proceeds for redemption or repayment of debt securities.

Bank of China Ltd. and Industrial and Commercial Bank of China Ltd. were the lead underwriters.

As of May 4, US$1 was equivalent to 6.21 yuan.