New Issue: China's Shenzhen Overseas sells RMB 1 billion 4¾% notes due 2017 at par

By Christine Van Dusen

Atlanta, May 19 - China's Shenzhen Overseas Chinese Town Co. Ltd. sold RMB 1 billion 4¾% notes due May 22, 2017 at par to yield 4¾%, a market source said.

The notes were talked at a yield in the 4 7/8% area.

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

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

Issuer:	Shenzhen Overseas Chinese Town Co. Ltd.
Amount:	RMB 1 billion
Maturity:	May 22, 2017
Description:	Senior notes
Bookrunners:	ICBC Asia, UBS, DBS Bank, CCB International
Coupon:	4¾%
Price:	Par
Yield:	4¾%
Trade date:	May 16
Settlement date:	May 22
Distribution:	Regulation S
Price talk:	4 7/8% area

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