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China’s Sino-Ocean Land intends to offer perpetual capital securities
By Wendy Van Sickle
Columbus, Ohio, Sept. 5 – Sino-Ocean Land Holdings Ltd. said it intends to conduct an international offering of dollar-denominated perpetual subordinated guaranteed capital securities to professional investors outside the United States in offshore transactions. Wholly owned subsidiary Sino-Ocean Land Treasure III Ltd. will be the issuer.
Proceeds of the Regulation S deal will be used to repay existing debt and for general corporate purposes.
Sino-Ocean Land is a Beijing-based property developer.
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