The issuer sold $1 billion of 3.25% guaranteed senior notes due 2023

Davis Polk advised the dealers in connection with the establishment of $3 billion medium-term note programme by China Cinda (2020) I Management Limited which is a wholly owned subsidiary of China Cinda (HK) Holdings Company Limited (Cinda HK), and the offering of $1 billion 3.25% guaranteed senior notes due 2023 issued under the programme.

Cinda HK is the sole strategic offshore investing and financing platform of Cinda Group (China Cinda Asset Management Co., Ltd. and its subsidiaries), including Nanyang Commercial Bank, Limited, China Cinda (HK) Asset Management Co., Limited, Sino-Rock Investment Company Limited and other financial institutions licensed for multiple lines of regulated financial activities.

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