Shui On Land $200 Million High-Yield Notes Reopening
12/3/2020

Davis Polk advised the sole lead manager in connection with a $200 million Regulation S green bonds offering of 5.75% senior notes due 2023, to be consolidated and form a single class with the $300 million 5.75% senior notes due 2023 issued by Shui On Development (Holding) Limited on November 12, 2019. The securities are guaranteed by Shui On Land Limited, as the parent guarantor.

Shui On Land Limited is one of the leading property developers in China and the flagship property company of the Shui On Group in mainland China, with a focus on large-scale city-core property development projects. Shui On Land Limited currently has projects in Shanghai (including Xintiandi), Wuhan, Chongqing and Foshan.

The Davis Polk corporate team included partners Gerhard Radtke and Yang Chu, counsel Bingqing Pan and registered foreign lawyers Moran Zhang and Mendtuvshin (Mendee) Enkhtaivan. The tax team included counsel Alon Gurfinkel and associate Summer Xia. Members of the Davis Polk team are based in the Hong Kong and London offices.