** Shares of Chinese property developer Sino-Ocean Group Holding jump 9.4% to HK$0.35, their highest levels since Oct 17

** Stock on course for a third consecutive session of gains, if current trend holds

** Sino-Ocean Group said on Tuesday it would issue new zero-coupon, two-year mandatory convertible bonds and new interest-bearing, perpetual securities to creditors for a total value of $4.02 bln

** This issuance, along with new debts worth $2.2 bln, forms a part of the indebted developer's $5.64 bln offshore debt restructuring plan as it attempts to raise funds to repay its creditors

** Hang Seng Mainland Properties Index gains 1.1%, an index tracking properties and construction stocks climbs 0.5%, and Hang Seng Index rises 1.3%

** Stock down 27.3%, YTD

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))