New Issue: Nanjing Jiangbei New Area unit sells $300 million 2.6% notes due 2022

By Rebecca Melvin

Concord, N.H., May 6 – Industrial Investment Overseas Ltd., a wholly-owned subsidiary of Nanjing Jiangbei New Area Industrial Investment Group, has issued $300 million of 2.6% notes due 2022 (expected rating: //BBB), according to a listing notice.

The notes will be listed on the Singapore Exchange on Friday.

China International Capital Corp. Hong Kong Securities Ltd., Huatai Financial Holdings (Hong Kong) Ltd., Bank of China Ltd., Orient Securities (Hong Kong) Ltd., Shanghai Pudong Development Bank Co. Ltd., Hong Kong Branch, China Citic Bank International Ltd., China Everbright bank Co. Ltd. Hong Kong Branch and CMB Eing Lung Bank Ltd. are the lead managers and bookrunners of the Regulation S deal.

China-based Nanjing Jiangbei Investment is engaged mainly in urban development and industrial facility leasing.

Issuer:	Industrial Investment Overseas Ltd.
Parent:	Naniing Jiangbei New Area Industrial Investment Group
Issue:	Notes
Amount:	$300 million
Maturity:	May 5, 2022
Bookrunners:	China International Capital Corp. Hong Kong Securities Ltd., Huatai Financial Holdings (Hong Kong) Ltd., Bank of China Ltd., Orient Securities (Hong Kong) Ltd., Shanghai Pudong Development Bank Co. Ltd., Hong Kong Branch, China Citic Bank International Ltd., China Everbright bank Co. Ltd. Hong Kong Branch and CMB Eing Lung Bank Ltd.
Coupon:	2.6%
Listing date:	May 7
Distribution:	Regulation S
Expected rating:	Fitch: BBB

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