China's KWG Property sets talk at 9¼% area for dollar benchmark five-year notes

By Christine Van Dusen

Atlanta, Jan. 7 - China's KWG Property Holding Ltd. set talk in the 9¼% area for its dollar-denominated offering of benchmark-sized notes due in five years (expected ratings: B1/B+/), a market source said.

Citigroup, Standard Chartered Bank and UBS are the bookrunners for the Regulation S deal.

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

KWG Property is a developer based in Guangzhou, China.

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