Davis Polk advised the initial purchasers in connection with a $225 million Regulation S only high-yield offering by China Aoyuan Group Limited of its 7.95% senior notes due 2023.

China Aoyuan is a property developer in the Guangdong province in China and has been developing residential projects for more than 15 years.

The Davis Polk corporate team included partner Gerhard Radtke, counsel Terrence R. O’Donnell, associate Edwin Lee and registered foreign lawyer Jennifer Liu. All members of the Davis Polk team are based in the Hong Kong office.

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