By Devika Patel
Knoxville, Tenn., July 12 – Nanjing Jiangbei New Area Industrial Investment Group subsidiary Industrial Investment Overseas Ltd. sold $270 million of 4.4% two-year notes (//BBB+), according to a listing notice.
Proceeds will be used for refinancing and for general corporate purposes, according to Fitch Ratings.
Nanjing Jiangbei is an investment company focused on land development, urban infrastructure construction and house leasing services.
| Issuer: | Industrial Investment Overseas Ltd.
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| Issue: | Notes
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| Amount: | $270 million
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| Maturity: | July 11, 2023
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| Coupon: | 4.4%
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| Settlement date: | July 12
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| Rating: | Fitch: BBB+
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| ISIN: | XS2487016334
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