Hong Kong's K. Wah International rolls out $1 billion MTN program

By Marisa Wong

Madison, Wis., May 22 - K. Wah International Financial Services Ltd. has launched a $1 billion medium-term note program, according to a notice. The program is guaranteed by parent company K. Wah International Holdings Ltd.

The company may issue notes under the program within 12 months after May 22.

BofA Merrill Lynch International is the arranger.

Listing of the program on the Stock Exchange of Hong Kong Ltd. is expected to be effective May 23.

The parent company is a Hong Kong investment holding company owning subsidiaries in property development and investment and construction materials.

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