CIFI Holdings (Group) Co. Ltd. $300 Million High-Yield Notes Offering
Davis Polk advised the initial purchasers in connection with a $300 million Regulation S offering by CIFI Holdings (Group) Co. Ltd. of its 5.50% senior notes due 2022. The notes are consolidated and form a single class with the $285 million 5.50% senior notes due 2022 issued on January 23, 2017.
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 partners William F. Barron and Gerhard Radtke and counsel Faisal Baloch. Counsel Alon Gurfinkel and associate Veronica Davis provided tax advice. Members of the Davis Polk team are based in the Hong Kong and London offices.