Davis Polk advised the initial purchasers in connection with a $300 million Regulation S offering by Shimao Property Holdings Limited of its 8.375% senior high-yield notes due 2022. The notes were a reopening of and formed a single series with the $800 million aggregate principal amount of 8.375% senior notes due 2022 issued on February 10, 2015.   

Shimao is a large-scale developer and owner of high-quality real estate projects in China. It specializes in developing mid- to high-end residential, retail and office properties for sale and prime and well-located hotel, retail and office properties for long-term investment.   

The Davis Polk corporate team included partner William F. Barron, counsel-registered foreign lawyer Terrence R. O’Donnell and registered foreign lawyers Han (Annie) Shen and Kevin Zhang. Counsel Alon Gurfinkel and associate Dominic Foulkes provided tax advice. Members of the Davis Polk team are based in the Hong Kong and London offices.    

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