China Evergrande Group $1.8 Billion High-Yield Senior Notes Offering
11/6/2018

Davis Polk advised the initial purchasers of a Regulation S offering of high-yield notes by Scenery Journey Limited (a subsidiary of China Evergrande Group) of $565 million aggregate principal amount of its 11.00% senior notes due 2020, $645 million aggregate principal amount of its 13.00% senior notes due 2022 and $590 million aggregate principal amount of its 13.75% senior notes due 2023.

China Evergrande Group, listed on the Hong Kong Stock Exchange, is one of the largest developers of residential property projects in different cities across China. Founded in Guangzhou, Guangdong Province in 1996, it has become a leading national property developer in China through its economies of scale and widely recognized brand name.

The Davis Polk corporate team included partner William F. Barron, counsel Margie Chan and registered foreign lawyers Jennifer Liu and Xiushan Sun. The tax team included counsel Alon Gurfinkel and associate Omer Harel. Members of the Davis Polk team are based in the Hong Kong and London offices.