Gemdale Corporation has completed its 2014 Phase I CNY Bond Issuance (“the issuance”). The offer size of the issuance is RMB 1.05 billion(Initial offering 0.75 bn, Additional placement 0.3 bn) with a reoffer rate of 6.875% and the tenor of 3 years. CICC worked as Joint Bookrunner and Joint Lead Manager.