CIFI Holdings $150 million notes offering
The high-yield notes are due 2026
Davis Polk advised the initial purchaser in connection with CIFI Holdings (Group) Co. Ltd.’s Regulation S offering of $150 million 4.450% senior notes due 2026. The notes are consolidated and form a single class with the $350 million 4.450% senior notes due 2026 issued on May 17, 2021.
Established in 2000 and headquartered in Shanghai, CIFI Holdings (Group) Co. Ltd. is engaged in the property development, property investment and property management business in China. It has achieved a nationwide geographic coverage and a strong presence in first-tier cities and in second- and third-tier cities with high growth potential in China.
The Davis Polk corporate team included partner Gerhard Radtke, counsel Bingqing Pan and registered foreign lawyer Lyuning He. All members of the Davis Polk team are based in the Hong Kong office.