9 June, 2020
Davis Polk advised the joint lead managers in connection with the debut offering of $400 million 2.50% bonds due 2025 issued by Blue Bright Limited and guaranteed by AVIC CAPITAL CO., LTD.
AVIC CAPITAL CO., LTD. is the first financial holding company in the PRC listed on the Shanghai Stock Exchange, a financial holding company of Aviation Industry Corporation of China (“AVIC Group”). AVIC Group, a Fortune Global 500 company, consists of over a hundred entities spanned across the PRC and 180 countries globally, primarily engaged in the following business segments: (i) leasing business, (ii) trust business, (iii) securities business, (iv) intra-group financial services business and (v) other businesses. Blue Bright Limited is a wholly owned subsidiary of AVIC CAPITAL CO., LTD. incorporated with limited liability in the British Virgin Islands.
The Davis Polk corporate team included partners Gerhard Radtke and Yang Chu, counsel Bingqing Pan, registered foreign lawyer Xin (Sheen) Xu and associate Christy Chan. Counsel Alon Gurfinkel and associate Summer Xia provided tax advice. Members of the Davis Polk team are based in the Hong Kong and London offices.
