Davis Polk advised the joint lead managers on a Regulation S offering by Xi’an Aerospace High-Tech Industry Development Co., Ltd, a company incorporated in the People’s Republic of China with limited liability, of $100 million of 6.50% bonds due 2023.

Xi’an Aerospace High-Tech Industry Development Co., Ltd is a state-owned enterprise controlled by the Xi’an National Civil Aerospace Industrial Base Administrative Committee and ultimately controlled and owned by the Xi’an Municipal Government. It engages primarily in three principal business segments, namely (i) land development, (ii) infrastructure construction and (iii) property development in Xi’an National Civil Aerospace Industrial Base.

The Davis Polk corporate team included partners Gerhard Radtke and Yang Chu and counsel Bingqing Pan. Counsel Alon Gurfinkel and associate Summer Xia provided tax advice. Members of the Davis Polk team are based in the Hong Kong and London offices.

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