January 28, 2015 / 4:56 PM / 5 years ago

New Issue- Sino-Ocean Land prices dual tranche deal

Jan 28(Reuters) -Following are terms and conditions

of a bond priced on Wednesday.

Borrower Sino-Ocean Land Treasure Finance II

Guarantor Sino-Ocean Land Holdings LTD

* * * *

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

* * * *

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

* * * *

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

Security details and RIC, when available, will be

on

Customers can right-click on the code for

performance analysis of this new issue

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