We advised the initial purchasers and the dealer managers on the high-yield senior notes offering and cash tender offer

Davis Polk advised the initial purchasers in connection with a $300 million 7.0% senior notes offering by China Oil and Gas Group Limited due 2029, in reliance of Regulation S. The offering of the senior notes was closed on February 4, 2026.

We also advised the dealer managers in connection with an offer by China Oil and Gas Group Limited to purchase for cash its outstanding 4.7% senior notes due 2026. The offer to purchase was settled on February 5, 2026.

China Oil and Gas Group Limited is a national piped gas operator in China focused on providing natural gas to end customers through the operation of its own natural gas branch pipelines and city-gas distribution networks. It also operates LNG processing plants, transports, and distributes LNG and CNG, builds and operates vehicle refueling stations, and designs and constructs natural gas pipelines. It has an established portfolio of branch pipelines and city-gas concession rights over an extensive geographic area in China. China Oil and Gas Group Limited is listed on the Hong Kong Stock Exchange.

The Davis Polk corporate team included partner James C. Lin, counsel Bingqing Pan and registered foreign lawyers Sean Su and Anlei Zuo. All members of the Davis Polk team are based in the Hong Kong office.

Copy link to share post