25 February, 2019
Davis Polk advised the initial purchaser in connection with the offering of $100 million principal amount of 8.00% senior notes due 2020 by China Evergrande Group, which is to be consolidated and form a single class with the $100 million principal amount of 8.00% senior notes due 2020 issued by China Evergrande Group on December 27, 2018.
China Evergrande Group, listed on the Hong Kong Stock Exchange, is one of the largest developers of residential property projects in different cities across China. Founded in Guangzhou, Guangdong Province in 1996, it has become a leading national property developer in China through its economies of scale and widely recognized brand name.
The Davis Polk corporate team included partner Gerhard Radtke, counsel – registered foreign lawyer Xuelin (Steve) Wang, registered foreign lawyers Jennifer Liu and Xiushan Sun. All members of the Davis Polk team are based in the Hong Kong office.
The announcement above is not offer for sale of securities in the United States. The securities referred to herein (the "Securities") have not been registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be sold in the United States absent registration or an exemption from registration under the Securities Act. The issuer of the Securities does not intend to register any part of the offering in the United States or to conduct a public offering of the Securities in the United States.
