China's Shenzhen Overseas sets talk in 4 7/8% area for renminbi benchmark three-year notes

By Christine Van Dusen

Atlanta, May 16 - China's Shenzhen Overseas Chinese Town Co. Ltd. set talk in the 4 7/8% area for its planned issue of renminbi-denominated and benchmark-sized notes due in three years, a market source said.

ICBC (Asia), UBS, DBS Bank and CCB International are the bookrunners for the Regulation S deal.

The notes will be issued by Sure Best Management Ltd. and could come to the market as soon as Friday.

The issuer is a tourism, properties and commodities company based in Shenzhen.

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