Cnooc Raises $4 Billion in Biggest Asian Dollar Bond Since 2003
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Cnooc Ltd., China’s largest offshore energy explorer, sold $4 billion of bonds in the biggest dollar-denominated offering from Asia outside of Japan in more than nine years.
Investors bid for about $23.8 billion of notes, with asset managers making up the biggest buyer group for all four tenors, a person familiar with the matter said, asking not to be identified because the details are private. U.S. investors took 79 percent of the 10-year issue, the person said.