Sinopec Group $3 Billion Guaranteed Senior Notes Offering

Davis Polk advised the joint global coordinators and representatives of additional underwriters in connection with the Rule 144A/Regulation S offering by Sinopec Group Overseas Development (2016) Limited, a wholly owned subsidiary of China Petrochemical Corporation, of $1 billion 2.125% senior notes due 2019, $900 million 2.75% senior notes due 2021, $700 million 3.5% senior notes due 2026 and $400 million 4.25% senior notes due 2046.

China Petrochemical Corporation is the largest integrated petroleum and petrochemical company in China and one of the largest in the world in terms of revenue. It is one of China's key state-owned enterprises.

The Davis Polk corporate team included partners Eugene C. Gregor and James C. Lin and registered foreign lawyers Tae-Hun Kim, Paul C. Marks, Ran Li and Sam Huang. Counsel Alon Gurfinkel and associate Veronica Orecharova provided tax advice. Counsel Jeanine P. McGuinness advised on OFAC matters. Members of the Davis Polk team are based in the Tokyo, Hong Kong, Beijing, London and Washington DC offices.