25 August, 2020
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 – registered foreign lawyer Xuelin (Steve) Wang and counsel 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.
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.
