China's KWG Property postpones dollar-denominated perpetual notes

By Christine Van Dusen

Atlanta, Jan. 16 - China's KWG Property Holding Ltd. has postponed its dollar-denominated offering of perpetual notes, a market source said.

No other details were immediately available on Wednesday.

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

The proceeds were to 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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