Hong Kong - Shui On Development (Holding) Limited $300 Million High-Yield Notes Offering.

Legal News & Analysis - Asia Pacific - Hong Kong - Capital Market

13 November, 2019

 

Davis Polk advised the joint lead managers in connection with a $300 million Regulation S green bonds offering by Shui On Development (Holding) Limited of its 5.75% senior notes due 2023. The securities are guaranteed by Shui On Land Limited.

 

Shui On Land Limited is one of the leading property developers in China and the flagship property company of the Shui On Group in mainland China, with a focus on large-scale city-core property development projects. Shui On Land Limited currently has projects in Shanghai (including Xintiandi), Wuhan, Chongqing, Foshan and Dalian.

 

The Davis Polk corporate team included partner Gerhard Radtke, counsel Bingqing Pan, registered foreign lawyer I. Danni Lin and associate Tonny Yu. The tax team included counsel Alon Gurfinkel and associate Omer Harel. Members of the Davis Polk team are based in the Hong Kong and London offices.