Davis Polk on COFCO's $1 Billion Bond Issue
Davis Polk & Wardwell has advised state-run China National Cereals, Oils and Foodstuffs Corp., better known as COFCO, on a $1 billion bond offering.
COFCO is China's largest food processing, manufacturing and trading company. The issuance, handled through a subsidiary, consisted of a $500 million tranche of five-year notes and a separate $500 million tranche of 10-year notes.
Hong Kong partners Eugene Gregor, Paul Chow, and Antony Dapiran, along with London partner Jonathan Cooklin, led the team at Davis Polk advising COFCO on Hong Kong and U.K. law.
Harney Westwood & Riegels served as COFCO’s British Virgin Islands counsel.
Linklaters acted for underwriters The Hongkong and Shanghai Banking Corp. Ltd., J.P.Morgan Securities Plc., UBS AG, BOCI Asia Ltd., Industrial and Commercial Bank of China (Asia) Ltd., Standard Chartered Bank, Deutsche Bank AG, and CITIC Securities Corporate Finance (HK) Ltd.
Beijing-based Tian Yuan Law Firm represented the banks on Chinese law matters.