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KWG Property completes redemption of US$400M in 8.25% senior notes due 2019

KWG Property Holding Ltd. has fully redeemed the US$400.0 million of 8.25% senior notes due 2019 that it issued in 2014.

Following a partial redemption of US$100 million of the notes in November for about US$106.5 million, KWG Property on Dec. 10 spent roughly US$321.0 million for the redemption of US$300.0 million of the notes.

Withdrawal of the listing of the 8.25% senior notes on the Hong Kong bourse is expected to take effect upon the close of business Dec. 18, the company said in a filing.