Markets
Sinopec plans to raise $3.1bn via bond sale
HONG KONG : China Petroleum & Chemical Corp (Sinopec), Asia 's top oil refiner, said it plans to raise up to 20 billion
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The bonds will be issued or placed with existing shareholders of the company, Sinopec said in a statement. The timing of such an issue would depend on the condition of the bond market, it said.
Copyright Reuters, 2011