New Issue: Overseas Chinese Town prices $500 million 4½% guaranteed perpetuals

Chicago, July 15 – Overseas Chinese Town (Asia) Holdings Ltd. priced $500 million of senior guaranteed perpetual capital securities, according to a listing notice.

The securities are guaranteed by Overseas Chinese Town Enterprises Ltd. Co.

The notes have an initial distribution rate of 4.5%.

Joint global coordinators, joint bookrunners and joint lead managers are China Everbright Bank Hong Kong Branch, DBS Bank Ltd., China International Capital Corp. and CMB International.

Joining as joint bookrunners and joint lead managers are ABC International, BOC International, CCB International, China Citic Bank International, China Minsheng Banking Corp., Ltd., CLSA, Guotai Junan International, HSBC, ICBC, Oversea-Chinese Banking Corp. Ltd., Orient Securities (Hong Kong) and Shanghai Pudong Development Bank.

The notes will be issued on July 16.

The Hong Kong-based issuer’s main business is paperboard and carton manufacturing and other packaging design. The guarantor is a Shenzhen, China-based enterprise with tourism, real estate, hotel development and electronics manufacturing as its primary businesses.

Issuer:	Overseas Chinese Town (Asia) Holdings Ltd.
Guarantor:	Overseas Chinese Town Enterprises Ltd. Co.
Issue:	Senior guaranteed perpetual capital securities
Amount:	$500 million
Maturity:	Perpetual
Bookrunners:	China Everbright Bank Hong Kong Branch, DBS Bank Ltd., China International Capital Corp., CMB International, ABC International, BOC International, CCB International, China Citic Bank International, China Minsheng Banking Corp., Ltd., CLSA, Guotai Junan International, HSBC, ICBC, Oversea-Chinese Banking Corp. Ltd., Orient Securities (Hong Kong) and Shanghai Pudong Development Bank
Distribution rate:	4.5%, initial rate
Pricing date:	July 8
Settlement date:	July 16

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