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China’s KWG Property talks $400 million five-year notes at 8¼%-8 3/8%
By Christine Van Dusen
Atlanta, July 29 – China’s KWG Property Holding Ltd. set talk at 8¼% to 8 3/8% for its upcoming issue of up to $400 million of notes due in five years (expected ratings: B1/B+), a market source said.
Goldman Sachs, HSBC, Morgan Stanley, 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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