China's Sino-Ocean to issue $4 bln in convertible bonds to creditors

Reuters

2024/10/29

Oct 29 (Reuters) - Chinese property developer Sino-Ocean Group said on Tuesday it will issue new zero-coupon, two-year mandatory convertible bonds and new interest bearing, perpetual securities to creditors for a total value of $4.02 billion.

(Reporting by Sneha Kumar; Editing by Rashmi Aich)

((Sneha.Kumar@thomsonreuters.com;))

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