Sinopec Oilfield Service (SHA:600871, HKG:1033) raised 1 billion yuan via the issue of three-year science and technology innovation corporate bonds carrying a coupon rate of 1.51%.
Proceeds will be used to repay interest-bearing debt, according to a Shanghai bourse filing on Thursday.
Shares of the company were down 4% in recent trade on the Shanghai bourse and 2% in Hong Kong.
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