The 10-year bonds were priced to yield 4.312%, or 1.70 percentage points more than similar US government bonds, and 1.61 percentage points higher than the London Interbank Offered Rate, or Libor.
"Kogas will use proceeds from the debt sale for mid- and long-term overseas development projects" a company official said. It sold Swiss franc-denominated bonds, worth CHF100 million ($103.5 million) last month. The gas firm made its first Swiss issue worth CHF200 million on September 10.
Kogas, the world's biggest buyer of LNG, said it has been in talks to buy a 15% stake in Australian exploration and production company Santos' flagship 7.2 million mt/year Gladstone LNG project in Queensland. Kogas is also in talks to buy a 9.8% stake in Indonesia's Donggi Senoro LNG project in Central Sulawesi and 15% in its LNG processing plant.
China ChemNet will hold China SNG/CBM (International) Summit on 24-27 Nov, 2010 in Changji City of Xinjiang Province. This summit is the high-end international summit under the guidance of authorities and experts, conference topics include five major aspects of policy interpretation, industry research, business promotion, business meetings and Sino-foreign cooperation, is not only the new type coal chemical industry conference, but also the best opportunity to energy giant polymerization, government and enterprises investment, investors looking for the project. Sincerely welcome you to attend the summit. Details: http://news.chemnet.com/list/zt/meeting/2010energy/index.html
