We advised the initial purchasers on the Regulation S offering of senior notes, issued under Zhenro’s green bond framework

Davis Polk advised the initial purchasers in connection with a Regulation S offering by Zhenro Properties Group Limited of its RMB1.3 billion 7.125% senior notes due 2022. The notes are being issued as “green bonds” under the issuer’s green bond framework.

Zhenro Properties Group Limited is a large comprehensive property developer in the PRC focusing on the development of residential properties and the development, operation and management of commercial and mixed-use properties. Zhenro Properties Group Limited is listed on the Hong Kong Stock Exchange.

The Davis Polk corporate team included partners Gerhard Radtke and Xuelin (Steve) Wang and registered foreign lawyer Marcus Tan and associate Rose Lu. All members of the Davis Polk team are based in the Hong Kong and Beijing office.