The investment-grade notes are due 2027

Davis Polk advised the joint lead managers in connection with a CNY500 million Regulation S offering by Health and Happiness (H&H) International Holdings Limited (H&H International) of its 7.50% guaranteed bonds due 2027. The notes are guaranteed by certain of its existing subsidiaries.

H&H International is a premium nutrition and wellness provider for the entire family. It provides high-end paediatric, adult and pet nutrition and care products and has established market positions in China, Australia, New Zealand, the United States, France, Italy, Hong Kong and the United Kingdom, as well as increasing market recognition in other international markets.

The Davis Polk corporate team included partners Gerhard Radtke and Xuelin (Steve) Wang, counsel Bingqing Pan and registered foreign lawyers Moran Zhang and Anlei Zuo. All members of the Davis Polk team are based in the Hong Kong office.