ISIN.net news update courtesy of Reuters. Sino-Ocean Land (ISIN Code: XS0526823041), a real estate state-owned joint-venture enterprise in Mainland China, released information today regarding their dual trance deal.
Following are terms and conditions of a bond priced on Wednesday.
Borrower Sino-Ocean Land Treasure Finance II
Guarantor Sino-Ocean Land Holdings LTD
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Tranche 1
Issue Amount $500 million
Maturity Date February 4, 2027
Coupon 5.95 pct
Issue price 99.737
Reoffer price 99.737
Yield 6.1 pct
ISIN XS1163722587
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Tranche 2
Issue Amount $700 million
Maturity Date February 4, 2020
Coupon 4.45 pct
Issue price 98.806
Reoffer price 98.806
Yield 4.721 pct
ISIN XS1163228627
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Common terms
Payment Date February 4, 2015
Lead Manager(s) HSBC, Goldman Sachs, Morgan Stanley, JPMOrgan, BNP Paribas,
BOCHK, Deutsche Bank & Lung Bank
Ratings Baa3 (Moody’s), BBB- (S&P),
BBB- (Fitch)
Listing HKSE
Full fees Undisclosed
Denoms (K) 200-1
Governing Law English
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