China's KWG Property plans to sell dollar-denominated perpetual notes

By Christine Van Dusen

Atlanta, Jan. 15 - China's KWG Property Holding Ltd. is planning a dollar-denominated issue of perpetual notes, according to a company filing.

Citigroup, Goldman Sachs, HSBC, ICBC, Standard Chartered Bank and UBS are the bookrunners for the Regulation S deal.

The proceeds will be used to refinance existing debt and finance existing and new projects.

KWG Property is a developer based in Guangzhou, Guangdong, China.

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