Haitong Unitrust MTN program establishment and $100 million drawdown
We advised the arrangers on the program establishment and joint lead managers on the drawdown of guaranteed notes
Davis Polk advised the arrangers in connection with the establishment of the $1 billion medium-term note program of Haitong UT Brilliant Limited guaranteed by Haitong Unitrust International Financial Leasing Co., Ltd.
Davis Polk also advised the joint lead managers in connection with the drawdown of $100 million 3% notes due 2024. Haitong International Securities Company Limited and Haitong Bank, S.A. are the arrangers under the MTN program.
Haitong Unitrust International Financial Leasing Co., Ltd. is a large and steadily growing financial leasing company in China and was established in 2004 as a foreign-invested enterprise. The company is headquartered in Shanghai and operates six specialized business departments, namely Public Services Department, Information and Environmental Protection Department, Construction Department, Advanced Manufacturing and Institutional Development Department, Health Care Business Department and MSE Business Department.
The Davis Polk corporate team included partners Gerhard Radtke and Yang Chu, counsel Bingqing Pan and associate Rose Lu. All members of the Davis Polk team are based in the Hong Kong office.