COSL signs subscription agreement for CNY5 billion guaranteed notes due 2029

COSL said it entered a subscription agreement with managers for the issuance of CNY 5 billion 2% guaranteed notes due 2029. The notes will be issued by its indirect subsidiary COSL Singapore Capital and are expected to be unconditionally and irrevocably guaranteed by COSL. The notes are priced at 100% of principal and will pay 2% interest per year. COSL said net proceeds will be used primarily to refinance existing indebtedness and for general corporate purposes. The notes are expected to be rated A3 by Moody’s and A- by Fitch.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. COSL - China Oilfield Services Limited published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260310-12046295), on March 09, 2026, and is solely responsible for the information contained therein.

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