Sinopec Group Overseas Development Limited, founded in 2007 and headquartered in Hong Kong, serves as the international investment and financing arm of Sinopec Limited, one of the largest petroleum and petrochemical enterprises globally. The company primarily engages in capital raising activities to support Sinopec's overseas projects and strategic initiatives, focusing on bond issuances and other financial instruments.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, Sinopec Group Overseas Development Limited has been active in the bond market, with its first significant issuance taking place in 2010, marked by a US$500 million offering that was well-received in international markets. More recently, in 2022, the company issued a landmark US$1 billion bond, which featured a 5.5% yield, offering competitive returns compared to the average yield in the industry. This issuance underscored Sinopec’s strong credit profile and market position, while also reflecting the increasing investor appetite for sustainable energy investments, aligning with the company’s commitment to supporting green initiatives.