Davis Polk advised the arrangers and the permanent dealers in connection with the update of the $3 billion medium-term note program of CITIC Securities Finance MTN Co., Ltd., the issuer, guaranteed by CITIC Securities Company Limited (“CITICS”).

Davis Polk also advised the joint lead managers in connection with the drawdown by the issuer of its $300 million 2.750% notes due 2020 and $500 million 3.250% notes due 2022.

CITICS is a full-service investment bank in China offering a broad range of products and services to a large and diverse client base that includes governments, corporations, financial institutions and individuals.

The Davis Polk corporate team included partners William F. Barron and Paul Chow, counsel Margie Chan and registered foreign lawyer Meng Ding. Counsel Alon Gurfinkel and associate Omer Harel provided tax advice. Members of the Davis Polk team are based in the Hong Kong and London offices.