中国三大石油公司境外美元债券比较分析

The Comparative Analysis of Offshore Dollar Bonds among China's Three Major Oil Companies

通过比较中国三大石油公司2013年境外美元债券的发行结构、发行方式及发行利差,分析了决定美元债券成功发行的主要因素,并对今后美元债券的发行提出了建议。

By comparing the offshore dollar bonds＇ issuing structure, issuing method and issuing spreadsamong the three major Chinese oil companies （Sinopec, CNPC and CNOOC） in 2013, the article analyzes the majorfactors affecting dollar bonds successfully issued. Recommendation for offshore dollar bonds in future has beenmade.