Hopson Development $100 million high-yield notes reopening
Davis Polk advised the initial purchasers in connection with a Regulation S offering by Hopson Development Holdings Limited of its $100 million 5.8% guaranteed senior notes due 2022, to be consolidated and form a single class with the $400 million 5.8% guaranteed senior notes due 2022 issued on January 13, 2021.
Hopson Development Holdings Limited is one of China’s largest property developers as measured by land bank, specializing in developing medium-to-high-end large-scale residential properties, as well as commercial properties. The group is also engaged in property management, property investment and hotel management. Hopson Development Holdings Limited is listed on the Hong Kong Stock Exchange.
The Davis Polk corporate team included partner Gerhard Radtke, counsel Bingqing Pan, registered foreign lawyer Marcus Tan and associate Rose Lu. All members of the Davis Polk team are based in the Hong Kong office.