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PetroChina to issue up to $8.7 bln in domestic bonds

Tue Jun 10, 2008 9:18pm EDT

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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.

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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)



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