Ji’An Chengtou $96.32 million credit-enhanced green notes
The 5.55% bonds are due 2027
Davis Polk advised the joint lead managers in connection with a Regulation S offering by Ji’An Chengtou Holding Group Co., Ltd of the $96.32 million 5.55% credit-enhanced green notes due 2027 with the benefit of an irrevocable standby letter of credit issued by Postal Savings Bank of China Co., Ltd., Ji’an Branch.
Ji’An Chengtou Holding Group Co., Ltd is a solely state-owned enterprise in Ji’an City, China. It plays a key role in promoting the social, economic and urban development of Ji’an City, mainly engaged in land development, infrastructure construction, property development and sales, concrete production and sales, property leasing, provision of greening and maintenance, and lifestyle and modernization services.
The Davis Polk corporate team included partner Gerhard Radtke, counsel – registered foreign lawyer Jennifer Liu and registered foreign lawyer Anlei Zuo. All members of the Davis Polk team are based in the Hong Kong office.