China Oil and Gas Group $400 million senior notes offering
Davis Polk advised the initial purchasers in connection with a $400 million Regulation S offering by China Oil and Gas Group Limited of its 4.7% senior notes due 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 traditionally operated in the midstream and downstream natural gas market segments in China, particularly in the construction and operation of natural gas branch pipelines and city-gas distribution networks. 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 Gerhard Radtke, counsel Bingqing Pan and associate Rose Lu. Counsel Alon Gurfinkel and associate Omer Harel provided tax advice. Members of the Davis Polk team are based in the Hong Kong and London offices.