The guaranteed bonds are due 2027

Davis Polk advised the joint lead managers in connection with a Regulation S offering by China Railway XunJie Co., Limited of its $500 million 4.00% guaranteed bonds due 2027. The bonds are guaranteed by China Railway Group Limited.

The group is one of the world’s largest multi-functional integrated construction engineering contractors. The group’s principal business activities include infrastructure construction, survey, design and consulting services, engineering equipment and component manufacturing, property development and other businesses. Being a leader in the railway construction industry in the PRC since the 1950s, the group currently is the largest railway construction group in the PRC in terms of total revenue of engineering contracts. In addition, the group is also well established in the international construction market, especially in Africa, Southeast Asia, the Middle East and South America.

The Davis Polk corporate team included partner Gerhard Radtke, counsel Bingqing Pan and associates Moran Zhang, Sean Su and Anlei Zuo. The Davis Polk trustee team included partner James C. Lin and registered foreign lawyer Allie Ma. Members of the Davis Polk team are based in the Hong Kong and Beijing offices.

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