24 April. 2019
Davis Polk advised the sole global coordinator and sole lead manager and the joint bookrunners on a Regulation S offering by New Dian Group Pte. Ltd., a private company organized under the laws of the Republic of Singapore, of $200 million 7.375% guaranteed bonds due 2021. The bonds are guaranteed by Kunming Iron & Steel Holding Co., Ltd., a state-owned enterprise incorporated in the People’s Republic of China.
Kunming Iron & Steel Holding Co., Ltd. is a diversified services company that produces and trades materials and resources, including iron ore, cement and coking coal. The company manufactures and sells steel products in southern Yunnan province in the PRC and is also involved in logistics, hotels, real estate and construction, among others.
The Davis Polk corporate team included partners Paul Chow and Gerhard Radtke, counsel Terrence R. O'Donnell and counsel – registered foreign lawyer Xuelin (Steve) Wang and registered foreign lawyer Xin (Sheen) Xu. Counsel Alon Gurfinkel and associates Omer Harel and Veronica Davis provided tax advice. 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.
