Davis Polk advised the managers for a Hong Kong law Regulation S only offering by AVIC International Finance & Investment Limited of its $400 million 4.375% guaranteed bonds due 2021. The bonds are unconditionally and irrevocably guaranteed by AVIC International Holding Corporation.

AVIC International Holding Corporation is a global holding enterprise whose businesses involve four segments: aviation, electronic information, international business and modern services. The company has established 148 branches in 65 countries and regions, with clients spreading in over 180 countries and regions.

The Davis Polk corporate team included partner Paul Chow and counsel Margie Chan. Counsel Alon Gurfinkel and associate Veronica Orecharova provided tax advice. Counsel Jeanine P. McGuinness provided regulatory advice. Members of the Davis Polk team are based in the Hong Kong, London and Washington DC offices.