The investment-grade notes are due 2028

Davis Polk advised the arrangers in connection with the update of the $1 billion medium-term note program of Haitong UT Brilliant Limited guaranteed by Haitong Unitrust International Financial Leasing Co., Ltd. Davis Polk also advised the joint lead managers in connection with the drawdown of CNY1 billion of 3.00% notes due 2028.

Haitong Unitrust International Financial Leasing Co., Ltd. is a large and steadily growing financial leasing company in China and was established in 2004 as a foreign-invested enterprise. The company is headquartered in Shanghai and operates six specialized business departments focusing on public services, advanced manufacturing, digital environmental protection, construction, healthcare and asset transactions.

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.