China - Hong Kong - Jinke Property Group Co., Ltd. $300 Million High-Yield Notes Offering.

Legal News & Analysis - Asia Pacific - China - Hong Kong - Capital Markets

24 June, 2019


Davis Polk advised the initial purchasers in connection with a $300 million Regulation S only high-yield offering by Jinke Property Group Co., Ltd. of 8.375% senior notes due 2021.


Jinke Property Group Co., Ltd. is an integrated residential and commercial property developer primarily focusing on property development in Chongqing-Sichuan, middle reaches of Yangtze River, Central Henan, Yangtze River Delta, Pearl River Delta, Beijing-Tianjin-Hebei, Shandong Peninsula, Beibu Gulf and Central Shaanxi regions, particularly the Chongqing Municipality, in the PRC.


The Davis Polk corporate team included partner Gerhard Radtke, counsel - registered foreign lawyer Xuelin (Steve) Wang and registered foreign lawyer Moran Zhang. Counsel Alon Gurfinkel and associate Omer Harel provided tax advice. Members of the Davis Polk team are based in the Hong Kong and London offices.


The announcement above is not offer for sale of securities in the United States. The securities referred to herein (the "Securities") have not been registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be sold in the United States absent registration or an exemption from registration under the Securities Act. The issuer of the Securities does not intend to register any part of the offering in the United States or to conduct a public offering of the Securities in the United States.