Shui On Land Limited $500 Million High-Yield Notes Offering

Davis Polk advised the joint lead managers in connection with a $500 million Regulation S bonds offering by Shui On Development (Holding) Limited of its 6.150% senior notes due 2024. 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 partner Gerhard Radtke, counsel Xuelin (Steve) Wang and Bingqing Pan and registered foreign lawyers Moran Zhang and Joo Park. 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.