Central China Real Estate Limited High-Yield Senior Notes Reopening
Davis Polk advised the initial purchasers in connection with the offering of the $86 million principal amount of the 6.875% senior notes due 2020 by Central China Real Estate Limited, which is to be consolidated to form a single series and rank pari passu with the $300 million principal amount of the 6.875% senior notes due 2020 on April 23, 2018.
CCRE is a residential property developer in Henan Province, China. The company is listed on the Hong Kong Stock Exchange.
The Davis Polk corporate team included partner William F. Barron, counsel Gerhard Radtke, registered foreign lawyer Tae-Hun Kim and associates Sophia Mao and Karen Kong. Counsel Alon Gurfinkel provided tax advice. Members of the Davis Polk team are based in the Hong Kong and London offices.