Davis Polk Advises China Vanke on Its Issue of S$140 million 3.275% Guaranteed Notes Due 2017 under Its US$ 2 billion MTN Programme

Davis Polk advised Bestgain Real Estate Lyra Limited, a wholly owned subsidiary of China Vanke Co., Ltd. (China Vanke), in connection with its Regulation S issue of S$140 million 3.275% guaranteed notes due 2017 under its US$2 billion medium-term note program. The notes were guaranteed by China Vanke’s wholly owned subsidiary Vanke aReal Estate (Hong Kong) Company Limited and supported by a keepwell deed and an equity purchase undertaking from China Vanke.

China Vanke is a leading residential property developer in China primarily focusing on the development, sales and management of quality residential properties. China Vanke’s ordinary shares are listed on the Shenzhen Stock Exchange.

The Davis Polk corporate team included partner Paul Chow and associates Liang (Alex) Tao and Yang Chu. Counsel Alon Gurfinkel provided tax advice. Members of the Davis Polk team are based in the Hong Kong and London offices.

www.davispolk.com


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