HONG KONG, April 23, 2014 /PRNewswire/ -- CNOOC Limited (the
"Company", NYSE: CEO, SEHK: 00883, TSX: CNU) announced on
April 23, 2014 (New York time) the pricing of its offering of
US$4,000 million aggregate principal
amount of guaranteed notes. The offering consists of US$1,250 million of 1.625% guaranteed notes due
2017, US$2,250 million of 4.250%
guaranteed notes due 2024 and US$500
million of 4.875% guaranteed notes due 2044 (collectively,
the "Notes"). The Notes will be issued by CNOOC Nexen Finance
(2014) ULC, an indirect wholly-owned subsidiary of the Company
incorporated in Nova Scotia,
Canada, and will be guaranteed by the Company.
(Logo: http://www.prnasia.com/sa/200701301659.jpg )
The net proceeds from this offering are expected to be
approximately US$3,963.2 million. The
proceeds are intended to be used in part for repaying all or part
of a US$2.0 billion facility that was
entered into for the purpose of repaying part of the bridge loan
that financed the Company's acquisition of Nexen Inc. The remaining
proceeds, if any, will be used for general corporate purposes.
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 Nexen
Finance (2014) ULC.
BOCI Asia Limited, Citigroup Global Markets Inc., Credit Suisse
Securities (USA) LLC, Deutsche
Bank AG, Singapore Branch, Goldman
Sachs (Asia) L.L.C., J.P. Morgan
Securities LLC, Morgan Stanley & Co. International plc and UBS
AG, Hong Kong Branch are the joint
lead managers and 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. 333-188261)
filed with the United States Securities and Exchange Commission
(the "US SEC") on May 1, 2013, as
amended by the post-effective amendment No. 1 to the registration
statement filed with the US SEC on April 22,
2014. 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, New York 11717,
telephone: 1-800-831-9146; Credit Suisse Securities (USA) LLC, Eleven Madison Avenue, New York, New York 10010-3629, United States of America, telephone:
1-212-325-2000; Prospectus Group, Deutsche Bank AG, Singapore Branch c/o Deutsche Bank Securities
Inc., 60 Wall Street, New York, NY
10005, telephone: 1-800-503-4611; Prospectus Department, Goldman
Sachs & Co, 200 West Street, New
York, NY 10282, telephone: 1-866-471-2526 / 1-212-902-9316;
J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York 10179, United States of America, telephone:
1-212-834-4533; Prospectus Department, Morgan Stanley & Co.
LLC, 180 Varick Street, New York, New
York 10014, telephone: 1-866-718-1649; or Fixed Income
Syndicate, UBS Securities LLC, 677 Washington Boulevard,
Stamford, Connecticut 06901,
telephone: 1-203-719-1088 .
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.
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 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 its 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
2013 Annual Report on Form 20-F filed on April 17, 2014.
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 realized or, even if substantially realized, that they will
have the expected effect on the Company, its business or
operations.
For further enquiries, please contact:
Ms. Michelle Zhang
Deputy Manager, Media / Public Relations
CNOOC Limited
Tel: +86-10-8452-6642
Fax: +86-10-8452-1441
E-mail: MR@cnooc.com.cn
Ms. Cathy Zhang
Hill+Knowlton Strategies Asia
Tel: +852-2894-6211
Fax: +852-2576-1990
E-mail: cathy.zhang@hkstrategies.com
SOURCE CNOOC Limited