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China’s KWG Property plans dollar-denominated senior fixed-rate notes
By Wendy Van Sickle
Columbus, Ohio, Feb. 20 – KWG Property Holding Ltd. is proposing an international offering of dollar-denominated guaranteed senior fixed-rate notes.
The company expects Bank of America Merrill Lynch, Bank of East Asia, Ltd., Credit Suisse, Goldman Sachs (Asia) LLC, HeungKong Financial, HSBC, Morgan Stanley, Standard Chartered Bank to be the bookrunners for the Regulation S offering, according to a notice.
Proceeds will be used to refinance existing debt.
KWG Property is a developer based in Guangzhou, China.
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