We advised the issuer on the Regulation S offering

Davis Polk advised Aluminum Corporation of China Limited (“Chalco”) in connection with the $500 million 1.55% guaranteed bonds and $500 million 2.10% guaranteed bonds issued by Chalco Hong Kong Investment Company Limited, a wholly owned BVI subsidiary of Chalco. The bonds are unconditionally and irrevocably guaranteed by Chalco. 

Chalco is a leading enterprise in the non-ferrous metal industry in China and principally engages alumina refining, primary aluminum smelting, chemical alumina products production and sales, trading and logistics of alumina, primary aluminum, other non-ferrous metal products, coal products and raw and ancillary materials in bulk. In terms of comprehensive scale, it ranks among the top enterprises in the global aluminum industry. Chalco’s shares are listed on the Main Board of the Hong Kong Stock Exchange (stock code: 2600), the New York Stock Exchange (stock code: ACH) and the Shanghai Stock Exchange (stock code: 601600).

The Davis Polk corporate team included partner Gerhard Radtke, counsel Bingqing Pan and registered foreign lawyer Lyuning He. 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.