15 January, 2020
Davis Polk advised the initial purchaser in connection with a $300 million Regulation S high-yield offering by KWG Group Holdings Limited of its 7.40% senior notes due 2027.
KWG Group Holdings Limited 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, Zhaoqing, Zhongshan, Nantong, Liuzhou, Huizhou, Jiangmen, Wenzhou and Hong Kong. The Group focuses on mid- to high-end residential property developments with distinctive characteristics. The Group also develops commercial properties and high-end hotels. In addition, the Group engages in property-related businesses such as property management for residential and commercial properties. The Group is listed on the Hong Kong Stock Exchange.
The Davis Polk corporate team included partner Gerhard Radtke, counsel Bingqing Pan, registered foreign lawyers Xin (Sheen) Xu and I. Danni Lin. Counsel Alon Gurfinkel and associate Omer Harel provided tax advice. Members of the Davis Polk team are based in the Hong Kong and London offices.
The announcement above is not offer for sale of securities in the United States. The securities referred to herein (the "Securities") have not been registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be sold in the United States absent registration or an exemption from registration under the Securities Act. The issuer of the Securities does not intend to register any part of the offering in the United States or to conduct a public offering of the Securities in the United States.
