New Issue: China's KWG Property prices $350 million 12¾% notes due 2016 at par

By Christine Van Dusen

Atlanta, March 23 - China's KWG Property Holding Ltd. priced $350 million notes due March 30, 2016 at par to yield 12¾%, a market source said.

The notes priced in line with talk of 12¾%.

Citigroup, HSBC and Standard Chartered were the bookrunners for the Regulation S deal.

KWG Property is a developer based in Guangdong, China.

Issuer:	KWG Property Holding
Amount:	$350 million
Maturity:	March 30, 2016
Description:	Notes
Bookrunners:	Citigroup, HSBC, Standard Chartered
Coupon:	12¾%
Price:	Par
Yield:	12¾%
Call features:	Non-callable for three years
Trade date:	March 23
Settlement date:	March 30
Distribution:	Regulation S
Price talk:	12¾%

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