2026.03.13
On March 9, 2026, China Oilfield Services Limited (COSL) issued RMB 5 billion in three-year Dim Sum bonds through its overseas subsidiary, COSL Singapore Capital Ltd, at an interest rate of 1.95%. This issuance marks COSL's return to the international senior bond market after nearly six years and was the first Dim Sum bonds issuance by a central enterprise in 2026.
COSL is a leading integrated oilfield services provider, offering comprehensive fill-lifecycle services across all stages of offshore oil and gas exploration, development and production. Its business is divided into four main categories: geophysical and surveying, drilling services, well services and marine support and transportation.
JunHe served as the domestic legal advisor for the underwriters in this project and provided high-quality, rigorous and efficient legal services. This included regulatory communication, assisting in the organization and improvement of the internal and external approval processes, conducting due diligence under Chinese law, issuing Chinese legal opinion, and reviewing the transaction documents from a Chinese legal perspective. JunHe's meticulous and dedicated service was highly appreciated and trusted by the issuer, underwriters and other intermediaries.
The project was led by JunHe partners YU, Yongqiang (YY), LEI, Tianxiao and SUN, Fengmin, with CHEN, Yan as the internal review partner.
