Conyers advises KWG Property on $350 million bond issue - May 2011

Paul Lim • Posted 20/05/2011 • Under Deals & Cases

Conyers Dill & Pearman advised HKSE-listed KWG Property Holding Ltd in its raising of US$350 million in funds in the debt markets by way of a follow-on 12.75% high yield notes Regulation S offering due 2016. The Noteholders will share security on a pari-passu basis with the existing Noteholders of its initial high yield notes offering under an inter-creditor arrangement.

Paul Lim of Conyers’ Hong Kong office provided Cayman Islands and British Virgin Islands law advice to KWG, while Sidley Austin advised on US and Hong Kong law, and Jingtian & Gongcheng advised on Chinese Law. Davis Polk advised Citigroup Global Markets, The Hongkong and Shanghai Banking Corporation Ltd and Standard Chartered Bank as initial purchasers.

KWG Property Holding Ltd. is a privately owned property development company in China which focuses on medium to high-end residential property developments. KWG has an established presence in Suzhou, Chengdu, Beijing, Tianjin, Shanghai and Hainan and is listed on the HKSE.