The issuer sold RMB8.1 billion aggregate of guaranteed notes due 2028, 2029 and 2030

Davis Polk advised the dealers in connection with the update of a $7.4 billion guaranteed medium-term note program by China Cinda (2020) I Management Limited, which is a wholly owned subsidiary of China Cinda (HK) Holdings Company Limited (Cinda HK), unconditionally and irrevocably guaranteed by Cinda HK. Davis Polk also advised the joint lead managers in connection with the offering of RMB2.8 billion of 2.58% guaranteed notes due 2028, RMB3 billion of 2.35% guaranteed notes due 2029 and RMB2.3 billion of 2.43% guaranteed notes due 2030 issued under the program.

Cinda HK is the sole strategic offshore investing and financing platform of Cinda Group (China Cinda Asset Management Co., Ltd. and its subsidiaries). It operates in the fields of banking, investment and financial businesses through its subsidiaries and affiliates including Nanyang Commercial Bank, Limited, China Cinda (HK) Asset Management Co., Limited and other financial institutions licensed for multiple lines of regulated financial activities.

The Davis Polk corporate team included partner James C. Lin, counsel Bingqing Pan and registered foreign lawyer Anlei Zuo. All members of the Davis Polk team are based in the Hong Kong office.

Copy link to share post