Cathay Associates Kejie advised Sino-Ocean Land Holdings Limited (“Sino-Ocean Land”) on the public issuance of 2015 corporate bonds to qualified investors. Sino-Ocean Land has been approved by China Securities Regulatory Commission on August 12, 2015 for its public issuance of corporate bonds, the total par value of which shall not exceed 10 billion Yuan.The completion of the first issuance of corporate bonds took place on September 1, 2015 with an issuing scale of 5 billion Yuan. The bonds have three types. Type 1 is a 5-year-bond, with an option for the issuer of escalating coupon rate and an option for the investors of selling back, at the end of the third year of the bond period and the issuing scale of Type 1 is 2 billion and the coupon rate is 3.78%. Type 2 is a 7-year-bond, with an option for the Issuer of escalating coupon rate and an option for the investors of selling back, at the end of the 5th year of the bond period and the issuing scale of Type 2 is 1.5 billion and the coupon rate is 4.15%. Type 3 is a 10-year-bond, with an issuing scale of 1.5 billion and the coupon rate of 5%.

The issuance of the Bonds is not only by far the first successful issuance of corporate bonds in China by Sino-Ocean Land but also the issuance of corporate bonds in Chinese real estate industry with the lowest coupon rate. Concerning this issuance, CCXR has given the issuer a credit rating of “AAA” as well as the bonds a credit rating of “AAA”.

Guosen securities co., LTD, UBS Securities Co. Limited and Goldman Sachs Gao Hua Securities Company Limited were appointed as Joint Lead Underwriter.

Cathay Associates Kejie team was led by partner He Jie and included Li Xin, Cao Lei, Cai Wei, Li Xia and Lei Yali.

Sino-Ocean Land was listed on the main board of the Hong Kong Stock Exchange on September 28th, 2007. Kejie team has also advised Sino-Ocean Land on its US$0.2 billion private equity 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$900,000,000 Perpetual Subordinated Convertible Securities Callable 2015 in 2010, its issuance of US$400,000,000 Perpetual Subordinated Capital Securities Callable 2016 in 2011, its issuance of US$1,200,000,000 Guaranteed Notes in 2014, and its issuance of US$1,200,000,000 Guaranteed Notes in 2015.