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China’s KWG Property calls $250 million 12½% senior notes due 2017
By Marisa Wong
Madison, Wis., July 31 – KWG Property Holding Ltd. gave notice that it will redeem in full its 12½% senior notes due 2017 in full on Aug. 30.
The notes will be redeemed at 106.25 plus accrued interest to the redemption date.
As of July 31, the outstanding principal amount of the notes was $250 million.
The company said it will use the proceeds from its recent offering of 8¼% senior notes due 2019 to fund the redemption.
The property developer is based in Guangzhou, China.
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