Capital Markets: High-Yield Products
Asia-Pacific Guide 2024 : Asia-Pacific Region
Band 1
Contact number
+852 2533 3300About
Provided by Davis Polk & Wardwell LLP
For more information about Davis Polk’s practices, please visit https://www.davispolk.com/capabilities.
Chambers Review
Davis Polk & Wardwell has a broad and highly accomplished practice which dominates the North-East Asia international capital markets scene, with notable teams in Japan, Hong Kong and South Korea. It frequently acts for an impressive selection of international banks and financial institutions. Focusing on US law issuances, it is skilled at assisting clients with IPOs, block trades and secondary share offerings through its China and Japan teams. It often acts for clients from the real estate, technology and financial services sectors. The team is highly sought after for expertise advising on investment-grade debt, green bonds and hybrid products. The firm is especially notable in China for its experience acting on high-yield issuances, including South-East Asian work.
James Lin and Gerhard Radtke are important contacts in Hong Kong, while He Li is a key contact in Beijing. Jon Gray is the key contact for the Japan practice.
Work Highlights
- Davis Polk & Wardwell advised iQIYI on a series of debt restructuring and corporate finance transactions, consisting of a USD550 million private placement of convertible senior notes to PAGAC IV-1 (Cayman), a USD600 million convertible senior notes offering and concurrent privately negotiated repurchases of a portion of its existing convertible senior notes due 2026 and a USD442 million SEC-registered equity offering of 76.5 million American depositary shares.
- Davis Polk advised ZJLD Group on its HKD5.3 billion IPO and listing on the Hong Kong Stock Exchange and an international offering in reliance on Rule 144A / Regulation S.
- Davis Polk & Wardwell advised Sumitomo Mitsui Trust Bank on the update of its global medium-term note programme and its drawdown of senior notes under Rule 144A / Regulation S.
Strengths
Provided by Chambers
"Their global partners are very keen to help the Asia team on cross-border matters. They produce top-quality associates too, so it's not just the partners that are high quality."
"The team is very helpful. Whenever there are issues that are important to the client's interest, the lawyers address those sharply."
"Their global partners are very keen to help the Asia team on cross-border matters. They produce top-quality associates too, so it's not just the partners that are high quality."
"The team is very helpful. Whenever there are issues that are important to the client's interest, the lawyers address those sharply."