Hong Kong’s Sino-Ocean proposes credit enhanced green notes

By William Gullotti

Buffalo, N.Y., April 20 – Sino-Ocean Group Holding Ltd. is planning to issue credit enhanced green notes (Baa3) via wholly owned subsidiary Sino-Ocean Land Treasure IV Ltd., according to an announcement on Wednesday.

The proposed Regulation S notes will be guaranteed by the parent company and listed on the Hong Kong Exchange after issue.

Proceeds will be used to repay existing medium- and long-term debt within one year and in accordance with its green finance network.

The property developer is based in Hong Kong.

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