Hong Kong - Zhenro Properties Group Limited $200 Million High-Yield Notes Offering And Concurrent Cash Tender Offer.

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

29 May, 2020

 

Davis Polk advised the initial purchasers in connection with a Regulation S offering by Zhenro Properties Group Limited of $200 million 8.350% senior notes due 2024. 

 

Concurrently with the notes offering, Davis Polk advised the dealer managers in connection with a cash tender offer by Zhenro Properties Group Limited for any and all of its outstanding 10.500% senior notes due 2020.

 

Zhenro Properties Group Limited is a property developer that focuses on the development of residential properties and the development, operation and management of commercial and mixed-use properties in China. Zhenro Properties Group Limited is listed on the Hong Kong Stock Exchange.

 

The Davis Polk team included partner Gerhard Radtke, counsel – registered foreign lawyer Xuelin (Steve) Wang and associate Tonny Yu. All members of the Davis Polk team are based in the Hong Kong office.