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China Oil & Gas Group ( (HK:0603) ) has shared an update.
China Oil & Gas Group plans to launch an international offering of U.S. dollar-denominated senior notes, with pricing, size, and interest rate to be set via a bookbuilding process led by HSBC, Morgan Stanley and UBS as joint global coordinators, bookrunners and lead managers. The proceeds are intended to fund a concurrent offer to purchase existing obligations and for general corporate purposes, and in-principle approval has been obtained for listing the notes on the Singapore Exchange, although there will be no Hong Kong listing. The issue is not yet certain to proceed, as no binding purchase agreement has been signed, and the company has cautioned investors that the proposed notes offering may or may not materialise, promising a further announcement if and when the deal is executed.
The most recent analyst rating on (HK:0603) stock is a Buy with a HK$0.18 price target. To see the full list of analyst forecasts on China Oil & Gas Group stock, see the HK:0603 Stock Forecast page.
More about China Oil & Gas Group
China Oil & Gas Group is an energy company listed in Hong Kong that focuses on the development and provision of oil and gas-related products and services. Its activities include securing financing through international capital markets to support its operations and corporate initiatives in the energy sector.
YTD Price Performance: 5.73%
Average Trading Volume: 5,251,409
Technical Sentiment Signal: Sell
Current Market Cap: HK$784.3M
For an in-depth examination of 0603 stock, go to TipRanks’ Overview page.