Davis Polk advised the initial purchasers in connection with a $215 million Regulation S only offering by Oceanwide Holdings International Development III Co., Ltd of its 12.00% guaranteed senior notes due 2021. The notes are unconditionally and irrevocably guaranteed by Oceanwide Holdings Co., Ltd. and China Oceanwide Group Limited, formerly known as Oceanwide Holdings (Hong Kong) Co., Limited.

Listed on the Shenzhen Stock Exchange, Oceanwide Holdings Co., Ltd. is a property developer in the PRC, focusing on the development of mid-market to high-end residential and commercial properties as well as large urban complexes. The company has been diversifying its business into financial services, strategic investment and power generation through acquisitions in the past years.

The Davis Polk corporate team included partner William F. Barron, counsel Margie Chan and registered foreign lawyers Andrea Feuer, Xiushan Sun and Sihang (Sharon) Zhang. All members of the Davis Polk team are based in the Hong Kong office.

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