Monday, May 14, 2007

China's Citic Sells $1 Billion of Bonds in Its Biggest Sale in Dollars

(Bloomberg) -- Citic Group., China's fourth-largest oil producer, sold $1 billion of debt through one of its units to fund acquisitions in its biggest dollar-denominated sale.

The offering of 6.75 percent notes due in 2014 was Citic Group's second sale in dollars and the first for Citic Resources Holdings Ltd., the unit that issued the debt, according to data compiled by Bloomberg.


Read more at Bloomberg Bonds News

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