SOCAM Development Limited $80 Million High-Yield Notes Offering
Davis Polk advised the initial purchasers in connection with an $80 million Regulation S offering by SOCAM Development Limited of its 6.25% senior notes due 2020, to be consolidated and form a single series and rank pari passu with the $200 million 6.25% senior notes due 2020 issued by SOCAM Development Limited on May 8, 2017.
SOCAM Development Limited principally engages in property development and investment in mainland China and construction business in Hong Kong and Macau. It has a history spanning over 45 years in the construction and real estate sector and has developed and built some of the prominent buildings and landmarks in Hong Kong and the PRC.
The Davis Polk corporate team included partner William F. Barron, counsel Gerhard Radtke and registered foreign lawyer Xuelin (Steve) Wang. Counsel Alon Gurfinkel and associate Veronica Orecharova provided tax advice. Members of the Davis Polk team are based in the Hong Kong and London offices.