Davis Polk advised the initial purchasers in connection with a Regulation S offering by Zhenro Properties Group Limited of $150 million 10.5% senior notes due 2020 (to be consolidated and form a single class with the $250 million 10.5% senior notes due 2020 issued on June 28, 2018).
Zhenro Properties Group Limited is a property developer that focuses on the development of residential properties and the development, operation and management of commercial and mixed-use properties in China. Zhenro Properties Group Limited is listed on the Hong Kong Stock Exchange.
The Davis Polk corporate team included partner Gerhard Radtke and counsel Margie Chan. Counsel Alon Gurfinkel and associate Veronica Davis provided tax advice. Members of the Davis Polk team are based in the Hong Kong and London offices.