KWG PropertyHolding Ltd. completed the third-tranche issuance of domesticcorporate bonds worthnot more than 13.00 billion Chinese yuan in China.
The third-tranche bonds amounted to 8.00 billion yuan,comprising type 1 bonds worth 2.50 billion yuan with a 5.60% coupon rate, type2 bonds worth 2.50 billion yuan with a 5.70% coupon rate and type 3 bonds worth3.00 billion yuan with a 5.80% coupon rate. The bondshave a seven-year term.
Proceeds from the issuance of the third-tranche notes willbe used for the company and its subsidiaries' general working capital.
As of Sept. 30, US$1was equivalent to 6.67 Chinese yuan.