Guorui Properties Limited $100 Million High-Yield Notes Offering

Davis Polk advised the sole joint global coordinator, sole lead manager, sole bookrunner and the initial purchaser in connection with a $100 million Regulation S only high-yield offering by Glory Land Company Limited of its 10.0% senior notes due 2020.

Founded in Guangdong Province, China, Glory Land Company Limited, carrying ‎on business in Hong Kong as “Guorui Properties Limited,” is principally engaged in developing residential projects and large-scale, mixed-use complex projects in the PRC.

The Davis Polk corporate team included partner William F. Barron, counsel Gerhard Radtke and Terrence R. O’Donnell and associate Sophia Mao. Counsel Alon Gurfinkel provided tax advice. Members of the Davis Polk team are based in the Hong Kong and London offices.