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Sinopec Finance To Sell CNY6 Bln Bonds Jun 5-8

Last Update: 6/1/2009 5:12:57 AM

SHANGHAI (Dow Jones)--Sinopec Finance Co., a unit of China Petroleum & Chemical
Corp. (SNP), said Monday it plans to sell CNY6 billion ($878.3 million) worth of
bonds on the interbank market between June 5 and June 8.

The company said in a statement it plans to sell CNY3 billion worth of three-year
bonds and the same amount of five-year bonds.

The coupons will be decided after bookbuilding Friday, Sinopec Finance said.

Industrial & Commercial Bank of China Ltd. and Bank of Communications Co. are the
main underwriters of the deal, it said.

-Wang Ming contributed to this story; Dow Jones Newswires; (86-21) 6120-1200;
[e-mail]

(END) Dow Jones Newswires

June 01, 2009 05:12 ET (09:12 GMT)