COAM International $2.4 billion MTN program update and offering
We advised the arrangers, dealers and joint lead managers
Davis Polk advised the arrangers and dealers in connection with the update of a $2.4 billion medium-term note program by Joy Treasure Assets Holdings Inc., and we advised the joint lead managers in connection with an $800 million 4.30% Regulation S only guaranteed notes offering due 2028 under the program. Joy Treasure Assets Holdings Inc. is a wholly owned subsidiary of China Orient Asset Management (International) Holding Limited (COAM International), the guarantor of the notes.
COAM International is an indirect, wholly owned subsidiary of COAMC Group (China Orient Asset Management Co., Ltd. and its subsidiaries). It serves as the only overseas operating platform of the COAMC Group, offering a specialized, diversified and comprehensive portfolio of financial services and customized solutions, including distressed asset investment, special opportunities investment and primary and secondary market investment. Strategically located in Hong Kong, COAM International serves as a bridge between domestic resources and overseas markets for the COAMC Group and plays a key role in spearheading the COAMC Group’s cross-border and international businesses.
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.