ASIA-PACIFIC

摘要

china petrochemical corp, or Sinopec, priced its second foray to the US dollar bond market this year at a tighter coupon than its first print in April, even after a key secondary reference point widened in the lead-up to marketing. The state-run oil company's US dollar April 2027 bonds sold last April had widened as much as lObp from 115bp/113bp area since the beginning of the week. This provided a less favourable reference for the pricing of the new issue, according to a banker on the offering.