China Petrochemical Corporation (Sinopec Group) issued international bonds worth 3.4 billion U.S. dollars last Thursday, according to China Petrochemical News.

The issuance comprises three-year, five-year, 10-year and 30-year bonds, with a comprehensive financing cost rate of 3.17%.

This is the ninth time for Sinopec Group to issue international bonds and the first international bond issuance for China's state-run enterprises this year.

This is also the largest internal bond issuance among companies in Asia.

Email: gaohan@nbd.com.cn