Davis Polk advised the joint bookrunners and joint lead managers in connection with a Regulation S offering of $215 million currency linked zero coupon convertible bonds due 2023 by Asia Cement Corporation.

Asia Cement Corporation is a manufacturer and seller of cement, clinker, cement-related products and ready-mixed concrete. Asia Cement Corporation is the second-largest cement producer in Taiwan with total annual cement production of approximately 3.56 million tons in 2017.

The Davis Polk corporate team included partner James C. Lin, counsel Terrence R. O’Donnell and registered foreign lawyer Jennifer Liu. Counsel Alon Gurfinkel and associate Veronica Davis provided tax advice. Members of the Davis Polk team are based in the Hong Kong and London offices.