[ET Net News Agency, 30 July 2019] Sino-Ocean Group Holding Limited (03377) said
guaranteed notes will be issued in the principal amount of US$600 million, which will
mature on 5 August 2029.
The notes will bear interest at the rate of 4.75% per annum, payable semi-annually in
arrear on 5 February and 5 August of each year. The offering price will be 98.554% of the
principal amount of the notes.
The group intends to use the net proceeds to primarily repay the existing indebtedness
of the group in accordance with applicable laws and regulations. (RC)