We advised the joint lead managers on the Regulation S offering

Davis Polk advised the joint lead managers in connection with a $400 million Regulation S bonds offering by Shui On Development (Holding) Limited of its 5.50% senior notes due 2026 pursuant to the Sustainability-Linked Bond Framework. The securities are guaranteed by Shui On Land Limited as the parent guarantor.

Shui On Land Limited is one of the leading property developers in China and the flagship property company of the Shui On Group in mainland China, with a focus on large-scale city-core property development projects. Shui On Land Limited currently has projects in Shanghai (including Xintiandi), Wuhan, Chongqing and Foshan.

The Davis Polk corporate team included partners Gerhard Radtke, counsel Xuelin (Steve) Wang and Bingqing Pan, registered foreign lawyer Marcus Tan and associate Rose Lu. All members of the Davis Polk team are based in the Hong Kong office.

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