Hopson Development $400 million high-yield notes offering
Davis Polk advised the initial purchasers in connection with a $400 million Regulation S offering by Hopson Capital International Group Co Ltd of its 5.8% high-yield notes due 2022, and guaranteed by Hopson Development Holdings Limited.
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 lawyers Marcus Tan and Eva Xu and associates Vivian Chow and Rose Lu. Counsel Alon Gurfinkel and associate Summer Xia provided tax advice. Members of the Davis Polk team are based in the Hong Kong and London offices.