China’s KWG Property plans offering of dollar-denominated notes

By Marisa Wong

Madison, Wis., July 29 – KWG Property Holding Ltd. announced plans for an international offering of dollar-denominated senior fixed-rate notes.

The company expects Goldman Sachs, HSBC, Morgan Stanley, Standard Chartered Bank and UBS to be the bookrunners for the Regulation S offering.

According to a Hong Kong Stock Exchange notice, the issue is conditioned on market conditions.

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

KWG Property is a developer based in Guangzhou, China.

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