KWG’s $350 Million Senior Notes Offering
Davis Polk advised the initial purchasers in connection with a $350 million Regulation S high-yield offering by KWG Group Holdings Limited of its 7.875% senior notes due 2021.
KWG is a large-scale PRC property developer with a leadership position in Guangzhou and an established presence in Suzhou, Chengdu, Beijing, Tianjin, Shanghai, Nanning, Hangzhou, Hainan, Hefei, Foshan, Wuhan, Xuzhou, Jiaxing, Taizhou, Jinan, Nanjing, Shenzhen, Changshu, Lishui, Chongqing, Taicang, Wuxi and Hong Kong and focuses on mid to high-end residential property developments with distinctive characteristics. The company is listed on the Hong Kong Stock Exchange.
The Davis Polk corporate team included partners William F. Barron and Gerhard Radtke and registered foreign lawyers Tae-Hun Kim, Jennifer Liu and Stan Yao. All members of the Davis Polk team are based in the Hong Kong office.