Davis Polk advised the joint lead managers in connection with a $50 million Regulation S offering by Shuifa International Holdings (BVI) Co., Ltd of its 4.300% guaranteed bonds due 2023 to be consolidated and form a single series with $350 million 4.300% guaranteed bonds due 2023 issued on May 8, 2020 on the Fungible Date as defined in a Supplemental Trust Deed guaranteed by Shuifa Group Co., Ltd.

Shuifa Group Co., Ltd. is a leading state-owned conglomerate that focuses on the provision of comprehensive water-related services and solutions, ranging from hydraulic engineering construction, water supply and wastewater treatment to clean energy.

The Davis Polk corporate team included partners Gerhard Radtke and Yang Chu and counsel Bingqing Pan. All members of the Davis Polk team are based in the Hong Kong office.