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PetroChina grosses 8.80 billion yuan from debt offering

PetroChina Co. Ltd. raised gross proceeds of 8.80 billion yuan from an offering of 3.03% corporate bonds due Jan. 19, 2021.

The company plans to use the proceeds for general corporate purposes or working capital.

BOC International Holdings Ltd., China Development Bank Securities Co. Ltd., China Galaxy Securities Co. Ltd., China International Capital Corp. Ltd., China Merchants Securities Co., Ltd. and CITIC Securities Co. Ltd. were the lead underwriters.

As of Jan. 20, US$1 was equivalent to 6.58 yuan.