CHINA OIL & GAS(00603.HK): Launches US$361 Million Note Repurchase to Optimize Debt Structure
NewTimeSpace News: CHINA OIL & GAS(00603.HK) issued an overseas regulatory announcement on January 27, 2026, officially launching a note repurchase tender offer. The target of this repurchase is the 4.7% senior notes maturing in 2026, with a total outstanding principal amount of US$361 million. The repurchase will be conducted in cash at a price of US$1,000 per US$1,000 principal amount of the notes.
Regarding the source of funds, China Oil and Gas intends to finance the repurchase with proceeds from the simultaneous issuance of new US dollar-denominated senior notes. The company stated that this repurchase is part of its strategy to actively manage liabilities and optimize debt structure. The relevant tender offer is subject to conditions including the completion of the new note issuance, and the acceptance results and allocation details will be announced as soon as possible after the offer deadline.
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