KWG Group Holding Limited $150 Million Regulation S High-Yield Notes Offering

Davis Polk advised the initial purchaser in connection with a $150 million Regulation S high-yield offering by KWG Group Holding Limited of its 9.85% senior notes due 2020 (to be consolidated and form a single class with the $400 million 9.85% senior notes due 2020 issued on November 26, 2018).

KWG Group Holding 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 partners William F. Barron and Gerhard Radtke and counsel-registered foreign lawyer Xuelin (Steve) Wang. All members of the Davis Polk team are based in the Hong Kong office.