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Cathay Associates Kejie Advised Sino-Ocean Land on the Public Issuance of RMB 1 Billion Corporate Bonds

November 27, 2017

CathayAssociates Kejie advised Sino-Ocean Land Limited (“Sino-Ocean Land”) on thepublic issuance of 2017 (Phase I) corporate bonds to qualified investors (this “Issuance”). OnDecember 18, 2015, Sino-Ocean Land has been approved by China SecuritiesRegulatory Commission for its public issuance of corporate bonds, the total parvalue of which shall not exceed RMB 5 billion. The first issuance ofcorporate bonds completed on May 18, 2016 with a total amount of RMB 4 billion. OnOctober 30, 2017, Sino-Ocean Group has been approved by China SecuritiesRegulatory Commission and Shanghai Stock Exchange for its issuance of theremaining RMB 1 billion of the corporate bonds. The completion of thisIssuance took place on November 17, 2017, with a total amount of RMB 1 billion. Thematurity of this bond is 5 years, with an option for the issuer of escalatingcoupon rate and an option for the investors of selling back, at the end of thethird year of the bond period and the coupon rate is 5.29%.

Concerningthis Issuance, CCXR has rated the issuer a credit rating of “AAA” as well as thebonds a credit rating of “AAA”.

GuosenSecurities Co., Ltd., UBS Securities Co., Limited, Goldman Sachs Gao HuaSecurities Company Limited and Huarong Securities Co., Ltd. were appointed asJoint Lead Underwriter.

CathayAssociates Kejie team was led by partner He Jie and included Li Xin, Sun Chao,Tan Binbin ,Hu Jia ,Li Chengcheng and Mou Ruoqiu.

Sino-OceanGroup Holding Limited ("Sino-Ocean Group") was listed on the mainboard of the HongKong Stock Exchange on September 28, 2007. Cathay AssociatesKejie team has also advised Sino-Ocean Group on its US$0.2 billion privateequity financing in 2006, its US$ 1.76 billion IPO in 2007,its issuance of RMB2.6 billion Corporate Bonds in 2009, its issuance of US$ 0.9 billion Perpetual SubordinatedConvertible Securities Callable 2015 in 2010, its issuance of US$0.4 billionPerpetual Subordinated Capital Securities Callable 2016 in2011, its issuance ofUS$1.2 billion Guaranteed Notes in July, 2014, its issuance of US$1.2billionGuaranteed Notes in February, 2015, its issuance of RMB 14 billion CorporateBonds in 2015 and 2016., its issuance of RMB 10 billion Panda Bonds in 2017 andits issuance of US$ 0.6 billion Subordinated Perpetual bonds in 2017.

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