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Global 2022
Asia-Pacific Region Capital Markets
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Band 1

About

Provided by Davis Polk & Wardwell LLP

For more information about Davis Polk’s practices, please visit https://www.davispolk.com/capabilities.


Chambers Review

Provided by Chambers
Capital Markets: High-Yield Products - Asia-Pacific Region
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Band 1
What the team is known for

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. 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. Often acts for clients from the real estate, technology and financial services sectors. Highly sought after for expertise advising on investment-grade debt, green bonds and hybrid products. Especially notable in China for its experience acting on high-yield issuances, including South-East Asian work.

Strengths

A client reports: "The overall service was high quality. Davis Polk & Wardwell is one of the major participants in the DCM market, especially in the high-yield field, so the team have very good deal experience in terms of deal flow and deal types; their ample deal experience has helped us with a lot of unique transactions and creative structures."

One client appreciates Davis Polk & Wardwell's high levels of client service, saying: "We can get reliable advice no matter who you talk to," and adding: "The whole team has a good understanding of Japanese projects and provides practical advice."

Another interviewee suggests: "They are the top shop in Tokyo for international equity capital markets."

Work highlights

Davis Polk & Wardwell advised New Horizon Health in connection with its USD263 million IPO and listing on the SEHK and an international Rule 144A and Reg S offering.

Davis Polk & Wardwell advised Zhejiang Expressway in connection with its Reg S offering of EUR230 million zero coupon H-share convertible bonds due 2026.

Davis Polk & Wardwell advised PLAID on its global offering pursuant to Rule 144A and Reg S, valued at approximately USD231.6 million.

Notable practitioners

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.