On May 11, CNPC successfully issued a medium-term note worth USD 1 billion on the inter-bank bond market, for the sake of enhancing development in overseas market. This is the first dollar-denominated bond issued in China by a non-financial company.
With the joint efforts of financial institutions, such as The People's Bank of China, State Administration of Foreign Exchange, and National Association of Financial Market Institutional Investors, CNPC successfully registered medium-term notes of USD 3 billion, and issued USD 1 billion worth first three-year floating-rate dollar-denominated bond.