New Issue: China’s KWG Group prices $400 million 9.85% notes due 2020 at par

New York, Nov. 14 – KWG Group Holdings Ltd. priced $400 million of dollar-denominated guaranteed senior notes due 2020 with a coupon of 9.85% at par, according to an announcement.

Goldman Sachs (Asia) LLC, Guotai Junan International, HSBC, Morgan Stanley, Silk Road International and Standard Chartered Bank are the bookrunners for the Regulation S offering, according to a notice.

Proceeds will be used to refinance offshore debt.

KWG Group is a developer based in Guangzhou, China.

Issuer:	KWG Group Holdings Ltd.
Issue:	Senior notes
Amount:	$400 million
Maturity:	Nov. 26, 2020
Coupon:	9.85%
Price:	Par
Call:	Make-whole call at any time
Equity clawback:	For up to 35% at 109.85
Rating:	Fitch: BB-
Bookrunners:	Goldman Sachs (Asia) LLC, Guotai Junan International, HSBC, Morgan Stanley, Silk Road International and Standard Chartered Bank
Pricing date:	Nov. 14
Distribution:	Regulation S

© 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.