Appleby acted as BVI Counsel for CNPC Finance (HK) Limited, a subsidiary of China National Petroleum Corporation (CNPC), in relation to the issuance of US$750 million Guaranteed Senior Floating Rate Notes due 2017 and US$750 million 2.75% Guaranteed Senior Notes due 2019. The net proceeds from the notes issuance will be used for CNPC’s overseas operations.

The Appleby team was led by Judy Lee, a corporate partner in the Hong Kong office, who was assisted by senior associate Chris Cheng. Shearman & Sterling acted for CNPC Finance (HK) Limited as its US and Hong Kong lawyers and Ju He Law Offices acted for the company as its PRC lawyer. Davis Polk & Wardwell and King & Wood Mallesons acted for the Initial Purchasers as their US and PRC lawyers, respectively.

CNPC is China’s largest oil and gas producer and supplier based on production and sales volume. CNPC has developed into one of the world’s leading integrated international energy companies, a major international oilfield and engineering services provider and a globally reputable contractor in oil engineering and construction.

For further information please contact Sarah Stone.

Twitter LinkedIn Email Save as PDF
More Deals
1 Nov 2022 | Deals

Appleby advises Endurance Acquisition Corp. on its de-SPAC business combination with SatixFy Communications Ltd.

Appleby is pleased to have acted as Cayman Islands legal counsel to Endurance Acquisition Corp. (NAS...

5 Oct 2022 | Deals

Appleby advises Silver Crest Acquisition Corporation on successful completion of US$1.4 billion de-spac with Tims China

Appleby is pleased to have acted as Cayman Islands legal counsel to Silver Crest Acquisition Corpora...

7 Sep 2022 | Deals

Appleby’s Hong Kong office advises Graphex Group limited on its USD 11.7 million listing on the NYSE American LLC stock exchange market

On 26 August 2022, Graphex Group’s underwriters have exercised their over-allotment option to purc...

17 Aug 2022 | Deals

Appleby’s Hong Kong office advises WEIli Holdings Limited on its HKD126 million listing on the Main Board of the Hong Kong Stock Exchange

WEIli is a PRC-based cigarette packaging paper manufacturer with research and development capabiliti...

20 May 2022 | Deals

Appleby advises Artisan Acquisition Corp. on its de-SPAC Business Combination with Prenetics Group Limited

Appleby is pleased to have acted as Cayman Islands legal counsel to Artisan Acquisition Corp. on its...

3 Feb 2022 | Deals

Appleby Assists Leading Power and Energy Group Zola on USD 90 Million Funding

Leading offshore law firm Appleby has assisted the leading power and energy group ZOLA on its US$ 90...