We advised the initial purchasers on the high-yield offering

Davis Polk advised the initial purchasers in connection with a $150 million Regulation S offering by China Water Affairs Group Limited of its 5.875% senior notes due 2030 (to be consolidated and form a single series with the $150 million 5.875% senior notes due 2030 issued on October 22, 2025).

China Water Affairs Group Limited is one of the largest publicly listed water supply companies in China based on volume of water sold for the six months ended September 30, 2025. It focuses on the water supply business. China Water Affairs Group Limited is listed on the Hong Kong Stock Exchange.

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.

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