Institutional Investors Obtain 72% of Sinopec Bond Issue
OREANDA-NEWS. March 05, 2011. The convertible bond issue of China Petroleum and Chemical Corporation (Sinopec) (600028, 0386.HK) recorded subscriptions totaling 2.8 trillion yuan, reports xinhuanet.com.
Institutional investors obtained a total of 72 percent of the company's bond issue through the offline channel.
Existing shareholders obtained 27.15 percent of the bond issue while public investors got 103 million yuan worth of the bond issue through the online channel.
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