Zensun Group Limited $200 Million Senior High-Yield Notes Offering

Davis Polk advised the initial purchasers in connection with a debut Regulation S offering by Zensun Enterprises Limited of $200 million 12.5% senior notes due 2022. The notes are unconditionally and irrevocably guaranteed by Zensun Group Limited.

Zensun Group Limited is a property developer that focuses on developing a range of residential properties that cater to the various demands and preferences of middle to upper-middle class customers in Zhengzhou and selected cities with solid industrial base and high growth potential. Zensun Enterprises Limited is listed on the Hong Kong Stock Exchange.

The Davis Polk corporate team included partners Gerhard Radtke and Yang Chu, counsel Bingqing Pan, registered foreign lawyer Cheng Huang and associate Vincent Ko. 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.