Sino-Ocean Group Holding Ltd. Announces 0.3% Debt Repayment on Corporate Bonds
Reuters
Jul 28
Sino-Ocean Group Holding Ltd. Announces 0.3% Debt Repayment on Corporate Bonds
Sino-Ocean Group Holding Ltd. has announced a partial principal repayment plan for its corporate bonds, specifically the 2019 First Tranche (Type 1 and Type 2) publicly issued bonds. As per the resolution approved at the recent bondholders' meeting, the company will repay 0.3% of the remaining principal of these bonds within 30 trading days following the vote. The repayment applies to bonds with the abbreviations "19 Sino-Ocean 01" and "19 Sino-Ocean 02," with respective outstanding amounts of RMB1.32 billion and RMB1.2 billion. This move is part of an installment repayment strategy to ensure the smooth repayment of the bonds' principal.
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