Pimco Sees M&A as ONGC Returns to Dollar Offerings

Pimco Sees M&A as ONGC Returns to Dollar Offerings

Tomohiro Ohsumi/Bloomberg

The China Petroleum & Chemical Corp. (Sinopec) headquarters stands in Beijing. Sinopect, Asia’s biggest oil refiner raised $3.5 billion April 18 in the second-largest sale of dollar bonds in Asia outside of Japan.