Davis Polk – Evergrande Real Estate Group Limited High Yield Notes Reopening Offering

Davis Polk advised China Merchants Securities (HK) Co., Limited, J.P. Morgan Securities plc, Deutsche Bank AG, Singapore Branch, Credit Suisse Securities (Europe) Limited and UBS AG, Hong Kong Branch as initial purchasers of a Rule 144A/Regulation S offering by Evergrande Real Estate Group Limited of $500 million aggregate principal amount of the company’s 8.75% additional senior notes due 2018. The additional notes will be consolidated and form a single series with the 8.75% senior notes due 2018 issued by the company on October 30, 2013.

Evergrande Real Estate Group Limited, listed on the Hong Kong Stock Exchange, is one of the largest national property developers in China.

The Davis Polk corporate team was led by partner William F. Barron, and included counsel-registered foreign lawyer Gerhard Radtke, associate Margie Chan and registered foreign lawyer Han (Annie) Shen. Counsel Alon Gurfinkel provided tax advice. YangYang Zhai was the legal assistant for this transaction. Members of the Davis Polk team are based in the Hong Kong and London offices.


Related Posts: