Davis Polk advised the initial purchasers in connection with a $250 million Regulation S-only high-yield offering by China Aoyuan Property Group Limited of its 10.875% senior notes due 2018.  

China Aoyuan is one of the leading property developers in Guangdong province in China and have been developing residential projects for more than 15 years.  

The Davis Polk corporate team included partners William F. Barron, counsel Margie Chan, registered foreign lawyer Han (Annie) Shen and associate Cheryl Wong. Counsel Alon Gurfinkel provided tax advice. Members of the Davis Polk team are based in the Hong Kong and London offices.