Sino-Ocean entices investors with hybrid deal
Sino-Ocean Group Holdings leveraged on its stronger sales performance and credit metrics to storm into the debt market on Tuesday, showing that it has put a short but tumultuous period behind it.
The real estate company had not visited the offshore bond market since January 2015, when it sold a $1.2bn dual-tranche deal under its old name, Sino-Ocean Land.
Since that issuance, the Baa3/—/ BBB- rated company was hit by a string of bad news. Its sales performance dropped in 2015
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