The offering was a reopening of the issuer’s 4.85% senior notes due 2026

Davis Polk advised the initial purchasers in connection with a $150 million Regulation S offering by China Water Affairs Group Limited of its 4.85% senior notes due 2026. The notes are consolidated and form a single class with the $200 million 4.85% senior notes due 2026 issued on May 18, 2021.

China Water Affairs Group Limited is one of the largest publicly-listed water supply companies in China based on volume of water sold for the year ended March 31, 2021. It focuses on the water supply business. China Water Affairs Group Limited is listed on the Hong Kong Stock Exchange.

The Davis Polk corporate team included partner Gerhard Radtke, counsel Bingqing Pan and registered foreign lawyer Lyuning He. All members of the Davis Polk team are based in the Hong Kong office.