PetroChina to issue up to $8.7 bln in domestic bonds

HONG KONG, June 11 (Reuters) - Asia's top oil and gas producer PetroChina (0857.HK) (PTR.N) (601857.SS) said on Wednesday it plans to raise up to 60 billion yuan ($8.7 billion) by issuing domestic bonds to reduce financial costs.

The proceeds could also be used in its second natural gas pipeline running across the country, it said in a statement. ($1=6.919 Yuan) (Reporting by Judy Hua; Editing by Anne Marie Roantree)