Beijing real estate firm in perpetual capital securities issue

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    clpstaff &clp articles

    Sino-Ocean Land Holdings, a significant real estate company based in Beijing, has raised US$400 million from its perpetual subordinated capital securities…

    Sino-Ocean Land Holdings, a significant real estate company based in Beijing, has raised US$400 million from its perpetual subordinated capital securities issue. This is the first perpetual capital securities issue by a Chinese property company.

    The joint lead managers of the transaction were Goldman Sachs, BOC International and HSBC.

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