On September 26, 2013, ABC International is honored to have acted as the Joint Bookrunner and Joint Lead Manager in China National Offshore Oil Corporation (CNOOC)’s offshore subsidiary’s 10-year US$1.3bn USD fixed income security offering. With the collective efforts made by ABCI and other syndicate members, the transaction was successfully priced at 4.50%, the low end of final price guidance at 10-year US Treasury plus 185bp.
With the financing guarantee provided by CNOOC, the captioned transaction achieved the largest deal size since May 22, 2013 in Asia (ex-Japan) region.