on february 27, sinochem energy completed its first issuance of corporate bonds, totaling rmb 2 billion, including 3-year corporate bonds of rmb 1.5 billion and 5-year corporate bonds of rmb 0.5 billion. this issuance harvested orders of nearly rmb 4 billion from 32 institutional investors, including the famous china merchants bank, e fund, and changjiang pension insurance co., ltd.