SINOCE 2.700% 13Jan2025 Corp (USD)

Bond Factsheet

Trading without Accrued Interest

Sino-Ocean Land Treasure IV Ltd

Indicative

Full Lot

Bid Price

7.826

Change in Bid Price

Bid Yield (%)

Change in Bid Yield

Ask Price

8.631

Change in Ask Price

Ask Yield (%)

Change in Ask Yield

Indicative price as of 08 May 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 Limited

Announcement Date

06 Jul 2021

Issue Date

13 Jul 2021

Maturity Date

13 Jan 2025

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

99.369

Issue / Reoffer Yield

2.891

Coupon Type

Fixed

Annual Coupon Rate

2.700

Coupon Frequency

Semi Annually

Seniority

Senior Unsecured

Reference Rate

Accrued Interest

Trading without

ISIN

XS2354271251

CUSIP

BQ4047867

Bond Currency

USD

Total Issue Size

520,000,000

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 13 December 2024, redeem the Notes, in whole but not in part, at a Make Whole Price as of, together with interest, if any, accrued to (but excluding), the redemption date (the ‘‘Option Redemption Date’’) specified in the Option Redemption Notice and unpaid;

‘‘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 40 basis points, and

(ii) the principal amount of such Notes;

Make Whole Call until 13 Dec 2024

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 interest, if any, accrued to (but excluding) such Put Event Redemption Date and unpaid.

a ‘‘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;

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;

Bondsupermart strives to ensure the accuracy and relevance of the information provided here. If the information is not up-to-date or erroneous, we appreciate feedback to keep it accurate.