We advised the issuer on the credit enhanced bonds offering

Davis Polk advised Red Star Macalline Group Corporation Ltd. on its $249.7 million Regulation S offering of 5.20% credit enhanced bonds due 2025. The bonds have the benefit of an irrevocable standby letter of credit.

Red Star Macalline is the leading home improvement and furnishings shopping mall operator, as well as a pan-home furnishings platform service provider in China. It operates and manages a national network of shopping malls located in hundreds of cities in China.

The Davis Polk corporate team included partner Gerhard Radtke, counsel Bingqing Pan and registered foreign lawyers Moran Zhang and Anlei Zuo. All members of the Davis Polk team are based in the Hong Kong office.

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