NEW YORK (TheStreet) -- Shares of CNOOC Ltd. (CEO) are down -1.43% to $163.56 as the Beijing-based offshore crude oil and natural gas producer sells multibillion-dollar bonds in three portions, in part to repay loans related to $15.1 billion purchase of Canadian oil-sands operator Nexen Inc., sources say, the Wall Street Journal reports.
Cnooc's bonds are marketed to U.S. investors, and are provisionally rated at Aa3 by Moody's Investors Service and AA- by Standard & Poor's.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts