Sinopec to raise 6.7 Bn

摘要

China's state-owned Sinopec plans to raise US 6.7 Bn through the issuing of domestic convertible and corporate bonds - with the funds to go towards core business development,including gas development projects.Sinopec has said it is investing 8.4 Bn in developing the Puguang gas field in Sichuan and building a pipeline to carry its gas to the energy-hungry east coast.