Haitong Unitrust MTN program update and $200 million drawdown
The investment-grade notes are due 2025
Davis Polk advised the arrangers in connection with the update 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 $200 million 4.20% notes due 2025.
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 registered foreign lawyers Lyuning He and Anlei Zuo. All members of the Davis Polk team are based in the Hong Kong office.