The 6.5% guaranteed bonds are due 2023

Davis Polk advised the joint lead managers in connection with a Regulation S offering of $200 million 6.50% guaranteed bonds due 2023 by ITG Holding Investment (HK) Limited and guaranteed by Xiamen ITG Holding Group Co., Ltd. The bonds are cleared through Macao Central Securities Depository and Clearing Limited and listed on Chongwa (Macao) Financial Asset Exchange Co., Ltd.

Xiamen ITG Holding Group Co., Ltd. is a diversified service provider that is engaged in four main businesses, namely supply chain, urban construction and operation, consumer and health, and finance and technology. It is a state-owned company established in August 1995 under the Xiamen Municipal Bureau of Finance. Its brand mission is to become an industry leader in improving quality of life to the community, while at the same time maintaining global competitiveness in its investment operations.

The Davis Polk corporate team included partner Gerhard Radtke, counsel Bingqing Pan, counsel - registered foreign lawyer Jennifer Liu and registered foreign lawyer Sean Su. All members of the Davis Polk team are based in the Hong Kong office.

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