BONDS: OCT plans Rmb2bn 3-year MTN On Aug 3
Shenzhen-based property developer and theme-park operator Overseas Chinese Town Holdings is planning a Rmb2bn (US$294m) three-year MTN issue on August 3. With the move, OCT will have used up its MTN shelf registration with the NAFMII. Price indications are 3.3%. Industrial and Commercial Bank of China will be the bookrunner, as well as the joint lead with China Construction Bank. The deal will settle on August 4.
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