Shenzhen Overseas Chinese Town Holding announced that it will issue RMB 3 billion unsecured medium term notes with a maturity of 5 years on the interbank market on May 27. The corporation said in a statement that the notes will be issued at the face value, and the coupon rate determined in the process of bookbuilding. Both value date and payment due date is set on May 28, and the to-be-issued notes tradable on May 29.

The proceeds from the issue will be used to replenish its working capital.