JD.com’s $1 Billion Notes Offering

Davis Polk advised the joint bookrunners and representatives of the underwriters for JD.com’s SEC-registered debt offering.

JD.com completed the issuance of US$700,000,000 aggregate principal amount of 3.375% Notes due 2030 and US$300,000,000 aggregate principal amount of 4.125% Notes due 2050.

After underwriting fees, JD.com said it expects to get $988.3 million on the deal. The funds will be used for general corporate purposes and refinancing.

BofA Securities Inc. and UBS AG (FBG) Hong Kong are underwriting the offering.

JD.com is a leading technology-driven e-commerce company and retail infrastructure service provider in China. JD.com’s ADSs currently trade on the Nasdaq Global Select Market.

The Davis Polk corporate team included partner Gerhard Radtke (Picture), counsel Bingqing Pan and registered foreign lawyers Kevin Zhang, Jennifer (Yujia) Jiang and I. Danni Lin. Counsel Alon Gurfinkel and associate Omer Harel provided tax advice.

Involved fees earner: Alon Gurfinkel – Davis Polk & Wardwell; Omer Harel – Davis Polk & Wardwell; Jennifer Jiang – Davis Polk & Wardwell; Danni Lin – Davis Polk & Wardwell; Bingqing Pan – Davis Polk & Wardwell; Gerhard Radtke – Davis Polk & Wardwell; Kevin Zhang – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Bank of America Securities; UBS AG Hong Kong Branch;

Author: Michael Patrini