Hong Kong’s Sino-Ocean Land plans offshore offering of notes

By Marisa Wong

Morgantown, W.Va., July 23 – Sino-Ocean Group Holding Ltd. announced that wholly owned subsidiary Sino-Ocean Land Treasure IV Ltd. plans to conduct an international offering of notes to investors outside the United States.

The proposed offshore issuance is subject to market conditions and investor interest. As of Monday, the terms of the notes, including the aggregate principal amount, offer price and distribution rate, have yet to be determined, the company said.

Proceeds from the Regulation S deal will be used mainly to repay existing debt.

The property developer is based in Hong Kong.

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