KWG Property to redeem $400M in 13.25% senior notes
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KWG Property Holding Ltd. plans to fully redeem US$400.0 million in 13.25% senior notes due 2017 on Nov. 10.
The redemption price is equal to 100% of the principal amount of the notes, plus an applicable premium. KWG will use internal resources to fund the redemption.
The notes were issued in 2012 and will be cancelled upon redemption.
