China’s KWG Property subsidiary plans RMB 6.5 billion corporate bonds

By Marisa Wong

Morgantown, W.Va., April 7 – KWG Property Holding Ltd. plans to issue up to RMB 6.5 billion of domestic corporate bonds through wholly owned subsidiary Guangzhou Tianjian Real Estate Development Ltd.

The Shenzhen Stock Exchange approved the company’s application for the proposed bonds on April 5, according to a company announcement.

Pricing will be determined through a book-building exercise.

China Securities Co., Ltd. will act as underwriter for the issue.

Proceeds will be used for general working capital purposes.

KWG Property is a developer based in Guangzhou, China.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.