China’s KWG plans RMB 13 billion bonds, taps three underwriters

By Marisa Wong

Morgantown, W.Va., May 18 – KWG Property Holding Ltd. said it plans to issue up to RMB 13 billion of domestic corporate bonds.

The Shanghai Stock Exchange approved the company’s application for the proposed bonds on May 12, according to a company announcement.

Goldman Sachs Gao Hua Securities Co. Ltd., China Securities Co., Ltd. and China Merchants Securities Co., Ltd. will act as joint underwriters for the issue.

Proceeds will be used for general working capital purposes.

KWG Property is a developer based in Guangzhou, China.

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