Email
CNOOC Prices $3.8B Senior Note Offering
CNOOC Limited announced on April 28, 2015 the pricing of an offering of US$3,800,000,000 aggregate principal amount of guaranteed notes. The offering consists of US$1,500,000,000 of 2.625% guaranteed notes due 2020, US$2,000,000,000 of 3.500% guaranteed notes due 2025, and US$300,000,000 of 4.200% guaranteed notes due 2045.
The 2020 Notes and 2045 Notes will be issued by CNOOC Finance (2015) Australia Pty Ltd, an indirect wholly-owned subsidiary of the Company incorporated in Victoria, Australia , and the 2025 Notes will be issued by CNOOC Finance (2015) U.S.A. LLC, an indirect wholly-owned subsidiary of the Company formed in Delaware, U.S.A. The Australian Issuer Notes and the Delaware Issuer Notes are collectively referred to as the Notes. The Notes will be guaranteed by the Company.
The net proceeds from this offering are expected to be approximately US$3,765.1 million . The proceeds will be used for general corporate purposes.