Sinopec, the largest crude oil producer in China and a subsidiary of China Petroleum Corp. $0386.HK, is set to raise HKD 7.75 billion (approximately USD 994 million) through the sale of exchange-traded bonds. This initiative aims to refinance existing offshore debt, enabling the company to enhance its financial stability and reduce its debt burden.
Eli Lilly and Company $LLY, a renowned pharmaceutical corporation, has announced a significant issuance of six series of bonds totaling $6.5 billion. This issuance, referred to as "Notes," covers maturities from 2028 to 2065, reflecting the company's long-term strategic planning and a high level of confidence in its financial stability.