Davis Polk advised the initial purchasers in connection with a $125 million Regulation S only high-yield offering by Hong Seng Limited of its 8.50% guaranteed senior notes due 2018, which are consolidated and form a single class with the $250 million 8.50% guaranteed senior notes due 2018 issued on November 22, 2017. The notes are guaranteed by the Hong Seng Limited’s parent company, Hong Yang Group Company Limited.

Hong Yang Group Company Limited is an integrated residential and commercial property developer primarily focusing on property development in the Yangtze River Delta Region, particularly the Jiangsu Province, in the PRC.

The Davis Polk corporate team included partner William F. Barron and counsel Margie Chan. All members of the Davis Polk team are based in the Hong Kong office.

Copy link to share post