HONG KONG, April 25, 2018 /CNW/ -- CNOOC Limited (the
"Company", NYSE: CEO, SEHK: 00883, TSX: CNU) announced on
April 25, 2018 (New York time) the pricing of an offering of
US$ 1,450,000,000 aggregate principal
amount of guaranteed notes. The offering consists of US$450,000,000 of 3.750% guaranteed notes due
2023 (the "2023 Notes") and US$1,000,000,000 of 4.375% guaranteed notes due
2028 (the "2028 Notes"). The 2023 Notes and 2028 Notes
(collectively, the "Notes") will be issued by CNOOC Finance (2015)
U.S.A. LLC, an indirect
wholly-owned subsidiary of the Company formed in Delaware, U.S.A. The Notes will be guaranteed
by the Company.
The net proceeds from this offering are expected to be
approximately US$1,437,504,000. The
proceeds are intended to be used in part to repay all or part of
certain outstanding borrowings of our wholly-owned subsidiary Nexen
Energy Capital Management U.S.A.
Inc. and the remaining proceeds from this offering, if any, 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
(2015) U.S.A. LLC.
Bank of China Limited (中国银行股份有限公司),
BOCI Asia Limited (中银国际亚洲有限公司), Citigroup Global Markets
Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs (Asia) L.L.C., The Hongkong and Shanghai
Banking Corporation Limited and J.P. Morgan Securities LLC are the
joint global coordinators, joint lead managers and joint
bookrunners for the offering. ICBC International Securities
Limited, Mizuho Securities USA
LLC, Natixis Securities Americas LLC 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. 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., c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, NY 11717,
telephone: 1-800-831-9146; Credit Suisse Securities (USA) LLC, Eleven Madison Avenue, New York, NY 10010, Attn: Prospectus
Department, telephone: 1-800-221-1037; Prospectus Department,
Goldman Sachs & Co, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526
/ 1-212-902-9316; HSBC Securities (USA) Inc., 452 Fifth Avenue, New York, NY 10018, telephone: 1-866-811-8049;
J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York 10179, Facsimile: +1 212
834 6081, Attn: Investment Grade Finance; Mizuho Americas, 320 Park Avenue – 12th Floor,
New York, NY 10022, telephone:
1-212-209-9300; Natixis Securities Americas LLC, 1251 Avenue of the
Americas, New York, NY 10020; or
SG Americas Securities, LLC, 245 Park Avenue New York, NY 10167, telephone:
1-855-881-2018.
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,
the exploration or development activities, the capital expenditure
requirements, the business strategy, whether the transactions
entered into by the Group can complete on schedule pursuant to
their terms and timetable or at all, the highly competitive nature
of the oil and natural gas industries, the foreign operations,
environmental liabilities and compliance requirements, and economic
and political conditions in the People's
Republic of China. 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. Iris Wong
Hill+Knowlton Strategies Asia
Tel: +852-2894-6263
Fax: +852-2576-1990
E-mail: cnooc@hkstrategies.com
Logo: http://photos.prnasia.com/prnh/20150819/8521505396LOGO
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SOURCE CNOOC Limited