New Issue- China Overseas Finance prices dual tranche deal

April 29 Tue Apr 29, 2014 11:37am EDT

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April 29(Reuters) -Following are terms and conditions

of a dual tranche deal priced on Tuesday.

Borrower China Overseas Finance Investment Cayman Ltd

Guarantor China Overseas Land & Investment Ltd

* * * *

Tranche 1

Issue Amount $450 million

Maturity Date May 8, 2024

Coupon 5.95 pct

Issue price 99.554

Reoffer price 99.554

Yield 6.01 pct

Spread 330 basis points

Underlying govt bond Over UST

ISIN XS1063561499

* * * *

Tranche 2

Issue Amount $550 million

Maturity Date May 8, 2019

Coupon 4.25 pct

Issue price 99.786

Reoffer price 99.786

Yield 4.298 pct

Spread 255 basis points

Underlying govt bond Over UST

ISIN XS1063561143

* * * *

Common terms

Payment Date May 8, 2014

Lead Manager(s) Citi, Goldman Sachs, JPMorgan, HSBC,

BOC International & Deutsche Bank

Ratings Baa1 (Moody's), BBB+ (S&P),

BBB+ (Fitch)

Listing HKSE

Full fees Undisclosed

Denoms (K) 200-1

Governing Law English

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