We advised the initial purchasers on the Regulation S offering

Davis Polk advised the initial purchasers in connection with an $85 million Regulation S offering by Golden Wheel Tiandi Holdings Limited of its 14.25% senior notes due 2023, to be consolidated and form a single series with the issuer’s $170 million 14.25% senior notes due 2023.

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 areas. 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 registered foreign lawyer Marcus Tan. Members of the Davis Polk team are based in the Hong Kong office.

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