Davis Polk & Wardwell has advised China Cinda Asset Management Co. Ltd. on a $1.5 billion bond offering on the Hong Kong Stock Exchange.
The Chinese state-owned “bad bank,” which collects non-performing loans from other banks, sold the dollar-denominated bonds in one $1 billion tranche of five-year notes and one $500 million tranche of 10-years. Proceeds will be used for investment and as working capital.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
