We advised CNPC on the offering 

Davis Polk advised China National Petroleum Corporation (CNPC) in connection with the RMB1 billion aggregate principal amount of 2.60% guaranteed bonds due 2026 issued by CNPC Global Capital Limited, an indirectly wholly owned subsidiary of CNPC. The bonds are listed on the Hong Kong Stock Exchange (HKEX). 

CNPC is one of China’s primary oil and gas producers and suppliers and one of China’s key state-owned enterprises under the direct supervision of the State-owned Assets Supervision and Administration Commission of the State Council. CNPC is an international energy company integrating production, refining, transportation, reserves and sales.

The Davis Polk corporate team included partner Gerhard Radtke, counsel Bingqing Pan, counsel – registered foreign lawyer Jennifer (Yujia) Jiang and registered foreign lawyer Anlei Zuo. All members of the Davis Polk team are based in the Hong Kong office.