Skadden, Arps, Slate, Meagher & Flom has acted for China Petroleum & Chemical Corp (Sinopec) on its $3.5 billion note issuance via its wholly owned subsidiary Sinopec Capital Ltd.

This offering is the largest ever U.S. dollar bond issued by a Chinese company, and the largest corporate debt offering in Asia ex-Japan in 10 years.

Guaranteed by Sinopec , the senior unsecured notes under Rule 144A/Regulation S were issued in four tranches of three-year, five-year, 10-year and 30-year durations worth $750 million, $1 billion $1.25 billion and $500 million respectively.

The Skadden team representing Sinopec and Sinopec Capital was led by partners Gregory Miao, Peter Huang and Edward Lam.

Citigroup, Bank of America Merrill Lynch, UBS and JP Morgan were the joint global coordinators for the deal, with eight other banks acting as joint lead managers and joint bookrunners. Davis Polk & Wardwell, meanwhile, provided legal advice to the joint global coordinators and initial purchasers.

Liu Zhen is senior China journalist at ALB. Follow us on Twitter: @ALB_Magazine.

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