China's CNPC to Issue 20 bln Yuan in Bonds

Top Chinese oil producer, China National Petroleum Corp (CNPC), said it will sell 20 billion yuan ($3.18 billion) in six-month super short-term commercial paper (SCP) on Thursday, March 1.

This confirms a Reuters story last week citing sources saying that CNPC would sell 20 billion yuan in six-month SCP.

The underwriting source also said CNPC would sell 20 billion yuan in medium-term notes.