Hong Kong’s Sino-Ocean plans additional 2.7% green notes due 2025

By Wendy Van Sickle

Columbus, Ohio, Jan. 27 – Sino-Ocean Group Holding Ltd. wholly owned subsidiary Sino-Ocean Land Treasure IV Ltd. is planning to issue additional 2.7% guaranteed green notes due Jan. 13, 2025 (Baa3//BBB-), according to a company announcement.

The notes would form a single series with the $320 million of the notes the company sold at a price of 99.369 on July 6, 2021.

The notes are guaranteed by the parent.

The notes can be redeemed early with a make-whole price before Dec. 13, 2024. After that date, the notes can be redeemed at par plus interest.

The property developer is based in Hong Kong.

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