SINOCE 4.750% 05Aug2029 Corp (USD)

Bond Factsheet

Trading without Accrued Interest

Matured/ Called

Sino-Ocean Land Treasure IV Ltd

Indicative

Full Lot

Bid Price

8.500

Change in Bid Price

Bid Yield (%)

81.361 %

Change in Bid Yield

0.074

Ask Price

9.500

Change in Ask Price

Ask Yield (%)

77.061 %

Change in Ask Yield

0.069

Indicative price as of 23 Dec 2025, 12:00am

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Bond Information

Sino-Ocean Land Treasure IV Limited operates as a real estate owner and developer.

Bond Issuer

Sino-Ocean Land Treasure IV Ltd

Guarantor

Sino-Ocean Group Holding Ltd

Announcement Date

25 Jul 2019

Issue Date

05 Aug 2019

Maturity Date

05 Aug 2029

Years to Maturity / Next Call

2.799 / 2.547

Modified Duration

Issue / Reoffer Price

98.554

Issue / Reoffer Yield

4.935

Coupon Type

Fixed

Annual Coupon Rate

4.750

Coupon Frequency

Semi Annually

Seniority

Senior Unsecured

Reference Rate

Accrued Interest

Trading without

ISIN

XS2034822564

CUSIP

AZ8060347

Bond Currency

USD

Total Issue Size

600,000,000

Outstanding Issue Size

Min. Investment Quantity (Nominal)

USD 200,000

Incremental Quantity (Nominal)

USD 1,000

Bond Type

High Yield Corporate

Bond Sector

Financials

Bond Sub Sector

Real Estate Management and Development

Issuer Credit Rating (S&P/ Fitch)

***/ N.R

Bond Credit Rating (S&P/ Fitch)

***/ W.R

Shariah Compliant

Exchange Listed

HKEX

Bond Feature(s)

Issuer Call

Make Whole Call

On giving not less than 30 nor more than 60 days’ notice (an “Option Redemption Notice”) to the Trustee and the Principal Agent in writing and to the Holders in accordance with Condition 15 (which notice shall be irrevocable), the Issuer may:

(i) at any time prior to 5 May 2029, redeem the Notes, in whole but not in part, at a Make Whole Price as of, together with accrued and unpaid interest, if any, to (but excluding), the redemption date (the “Option Redemption Date”) specified in the Option Redemption Notice;

“Make Whole Price” means, with respect to a Note at any redemption date, the amount calculated by the Quotation Agent that is the greater of (i) the present value of the principal amount of the Notes, assuming a scheduled repayment thereof on the Maturity Date plus all required remaining scheduled interest payments due on a Note through the Maturity Date (but excluding accrued and unpaid interest to the Option Redemption Date), computed using a discount rate equal to the Adjusted Treasury Rate plus 44 basis points, and (ii) the principal amount of such Notes;

Change Control Put

At any time following the occurrence of a Put Event, the Holder of any Note will have the right, at such Holder’s option, to require the Issuer to redeem all, and not some only, of that Holder’s Notes on the Put Event Redemption Date at 101 per cent. of their principal amount, together with accrued and unpaid interest, if any, to (but excluding) such Put Event Redemption Date. To exercise such right, the Holder of the relevant Note must deposit at the specified office of the Principal Agent or any other Paying Agent a duly completed and signed notice of redemption, in the form for the time being current, obtainable from the specified office of any Paying Agent (a “Put Exercise Notice”), together with the Certificate evidencing the Notes to be redeemed, by not later than 30 days following a Put Event, or, if later, 30 days following the date upon which notice thereof is given to Holders by the Issuer in accordance with Condition 15.

The “Put Event Redemption Date” shall be the fourteenth day after the expiry of such period of 30 days as referred to above.

For the purpose of this Condition 7(C):

“Change of Control” occurs when:
(i) China Life Insurance Company Limited and its wholly-owned subsidiaries together cease to be the single largest shareholder of the Guarantor; or
(ii) China Life Insurance Company Limited and its wholly-owned subsidiaries together cease to have a nominee director on the board of directors of the Guarantor;

“Put Event” will be deemed to occur if:
(i) there is a Change of Control; and
(ii) within a period ending six months after the date notice of the Change of Control first becomes public, a Ratings Downgrade occurs,
provided that if at the time of occurrence of the Change of Control, the Notes carry a Non-Investment Grade Rating or no credit rating from any of the Rating Agencies, a Put Event will be deemed to occur upon the occurrence of a Change of Control alone;

“Ratings Downgrade” means if:
(i) the Guarantor carries an Investment Grade Rating from three Rating Agencies, each of at least two Rating Agencies either (a) downgrades the Investment Grade Rating given by it to the Guarantor to a Non-Investment Grade Rating, or (b) withdraws the Investment Grade Rating given by it to the Guarantor;
(ii) the Guarantor carries an Investment Grade Rating from two Rating Agencies, each of both Rating Agencies either (a) downgrades the Investment Grade Rating given by it to the Guarantor to a Non-Investment Grade Rating, or (b) withdraws the Investment Grade Rating given by it to the Guarantor; or
(iii) the Guarantor carries an Investment Grade Rating from one Rating Agency, such Rating Agency either (a) downgrades the Investment Grade Rating given by it to the Guarantor to a Non-Investment Grade Rating, or (b) withdraws the Investment Grade Rating given by it to the Guarantor;

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