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A-Shares Up, Sinopec To Issue RMB30B In Bonds
0386.HK, 600028.SH, China Petroleum & Chemical Corporation, SNP, Sinopec, macro
Posted by: Li Jun on Feb 18, 2008 | 17:02
Editorial Summary
The Shanghai Composite Index rose 1.58 percent on Monday to close at 4,568.2, while the Shenzhen Composite Index increased 2.5 percent to close at 1,405.3. Trading volume on the Shanghai and Shenzhen Stock Exchanges was RMB92.5 billion and RMB47 billion, respectively.
China Petroleum & Chemical Corporation (Sinopec Corp.) (600028.SH; 0386.HK; NYSE: SNP) will issue up to RMB30 billion in six-year convertible bonds at a par value of RMB100 per share, according to a company filing with the Shanghai Stock Exchange on Monday. Shares of Sinopec rose 0.05 percent to close at RMB18.76.
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