Golden Wheel Tiandi $40 Million Senior Notes Reopening
Davis Polk advised the initial purchasers in connection with a $40 million Regulation S offering by Golden Wheel Tiandi Holdings Limited of its 7.00% senior notes due 2021, to be consolidated and form a single series with the issuer’s $360 million 7.00% senior notes.
Golden Wheel Tiandi is an integrated commercial and residential property developer, owner and operator in China. It focuses on developing projects in Jiangsu and Hunan provinces that are connected or close to metro stations or other transportation hubs. It also manages and sub-leases shopping malls in newly developed metro systems. Golden Wheel Tiandi is listed on the main board of the Hong Kong Stock Exchange (Stock Code: 1232).
The Davis Polk corporate team included partner Gerhard Radtke, counsel Bingqing Pan and associate Hei Tung (Angela) Cheng. Associate Summer Xia provided tax advice. Members of the Davis Polk team are based in the Hong Kong and London offices.