HONG KONG, Sept. 25, 2019
/CNW/ -- CNOOC Limited (the "Company", NYSE: CEO, SEHK: 00883, TSX:
CNU) announced on September 25, 2019
(New York time) the pricing of an
offering of US$1,500,000,000
aggregate principal amount of guaranteed notes. The offering
consists of US$1,000,000,000 of
2.875% guaranteed notes due 2029 (the "2029 Notes") and
US$500,000,000 of 3.300% guaranteed
notes due 2049 (the "2049 Notes"). The 2029 Notes and 2049
Notes (collectively, the "Notes") will be issued by CNOOC
Finance (2013) Limited, a direct wholly-owned subsidiary of the
Company incorporated in the British
Virgin Islands. The Notes will be guaranteed by the
Company.
The net proceeds from this offering are expected to be
approximately US$1,489,900,000. The
proceeds will be used for general corporate purpose.
Application has been made to The Stock Exchange of Hong Kong
Limited for listing of, and permission to deal in, the Notes by way
of debt issue to professional investors only. Listing of the Notes
on The Stock Exchange of Hong Kong Limited is not to be taken as an
indication of the merits of the Notes, the Company or CNOOC Finance
(2013) Limited.
Bank of China Limited, BOCI Asia Limited, Citigroup Global Markets Inc., Goldman
Sachs (Asia) L.L.C., J.P. Morgan
Securities LLC and UBS AG Hong Kong Branch are the joint global
coordinators, joint lead managers and joint bookrunners for the
offering. ABCI Capital Limited, Agricultural Bank of China Limited
Hong Kong Branch, The Bank of East
Asia, Limited, BOCOM International Securities Limited, China
International Capital Corporation Hong Kong Securities Limited,
ICBC International Securities Limited and Société Générale are the
joint bookrunners for the offering.
The offering of the Notes is made pursuant to the Company's
shelf registration statement on Form F-3 (File No. 333-224357)
filed with the United States Securities and Exchange Commission
(the "US SEC") on April 20, 2018, as
amended by the post-effective amendment No.1 to the registration
statement filed with the US SEC on September
20, 2019. A preliminary prospectus supplement and
accompanying prospectus have been filed with the US SEC in
connection with this offering. The offering may only be made by
means of the prospectus supplement and accompanying prospectus.
Copies of the prospectus supplement and the accompanying prospectus
may be obtained from Citigroup Global Markets Inc., 388 Greenwich
Street, New York, NY 10013,
telephone: 1-800-831-9146; Prospectus Department, Goldman Sachs
& Co. LLC, 200 West Street, New York,
NY 10282, telephone: 1-866-471-2526; J.P. Morgan Securities
LLC, 383 Madison Avenue, New York, New
York 10179, Facsimile: +1 212 834 6081, Attn: Investment
Grade Finance; UBS Securities LLC, 677 Washington Boulevard,
Stamford, Connecticut 06901,
telephone: 1-203-719-1088; and SG Americas Securities, LLC, 245
Park Avenue, New York 10167,
telephone: 1-855-881-2108, Attn: US High Grade Syndicate Desk.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any of the Notes, nor will there be
any sale of the Notes in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
No PRIIPs key information document (KID) has been prepared as
not available to retail in EEA.
About CNOOC Limited
CNOOC Limited is the largest producer of offshore crude oil and
natural gas in China and one of
the largest independent oil and gas exploration and production
companies in the world. CNOOC Limited mainly engages in
exploration, development, production and sale of crude oil and
natural gas.
– End –
Notes to Editors:
More information about the Company is available at
http://www.cnoocltd.com.
*** *** *** ***
This press release includes "forward-looking statements" within
the meaning of the United States Private Securities Litigation
Reform Act of 1995, including statements regarding expected future
events, business prospectus or financial results. The words
"expect", "anticipate", "continue", "estimate", "objective",
"ongoing", "may", "will", "project", "should", "believe", "plans",
"intends" and similar expressions are intended to identify such
forward-looking statements. These statements are based on
assumptions and analyses made by the Company in light of its
experience and its perception of historical trends, current
conditions and expected future developments, as well as other
factors the Company believes are appropriate under the
circumstances. However, whether actual results and developments
will meet the expectations and predictions of the Company depends
on a number of risks and uncertainties which could cause the actual
results, performance and financial condition to differ materially
from the Company's expectations, including but not limited to those
associated with fluctuations in crude oil and natural gas prices,
macro-political and economic factors, changes in the tax and fiscal
regimes of the host countries in which we operate, the highly
competitive nature of the oil and natural gas industry, the
exploration and development activities, mergers, acquisitions and
divestments activities, environmental responsibility and compliance
requirements, foreign operations and cyber system attacks. For a
description of these and other risks and uncertainties, please see
the documents the Company files from time to time with the United
States Securities and Exchange Commission, including the Annual
Report on Form 20-F filed in April of the latest fiscal year.
Consequently, all of the forward-looking statements made in this
press release are qualified by these cautionary statements. The
Company cannot assure that the results or developments anticipated
will be realised or, even if substantially realised, that they will
have the expected effect on the Company, its business or
operations.
*** *** *** ***
For further enquiries, please contact:
Ms. Jing Liu
Manager, Media & Public Relations
CNOOC Limited
Tel: +86-10-8452-3404
Fax: +86-10-8452-1441
E-mail: mr@cnooc.com.cn
Ms. Ada Leung
Hill+Knowlton Strategies Asia
Tel: +852-2894-6225
Fax: +852-2576-1990
E-mail: CNOOC@hkstrategies.com
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SOURCE CNOOC Limited