KWGPRO 7.400% 05Mar2024 Corp (USD)

Bond Factsheet

Trading without Accrued Interest

KWG Group Holdings Limited

Indicative

Full Lot

Bid Price

2.397

Change in Bid Price

remove 0.007

Bid Yield (%)

Change in Bid Yield

Ask Price

3.350

Change in Ask Price

0.012

Ask Yield (%)

Change in Ask Yield

Indicative price as of 01 Oct 2026, 3:50pm

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Bond Information

KWG Group Holdings Limited operates real estate development businesses. The Company develops residential areas, office buildings, hotels, restaurants, and other projects. KWG Group Holdings also conducts education, long-term rental apartment, cultural tourism, and big heath businesses.

Bond Issuer

KWG Group Holdings Limited

Guarantor

Subsidiaries

Announcement Date

22 Jul 2019

Issue Date

29 Jul 2019

Maturity Date

05 Mar 2024

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

99.819

Issue / Reoffer Yield

7.450

Coupon Type

Fixed

Annual Coupon Rate

7.400

Coupon Frequency

Semi Annually

Seniority

Secured

Reference Rate

Accrued Interest

Trading without

ISIN

XS2034561584

CUSIP

AZ7434089

Bond Currency

USD

Total Issue Size

458,000,000

Min. Investment Quantity (Nominal)

USD 200,000

Incremental Quantity (Nominal)

USD 1,000

Bond Type

High Yield Corporate

Bond Sector

Financials

Bond Sub Sector

Real Estate Management and Development

Issuer Credit Rating (S&P/ Fitch)

***/ W.R

Bond Credit Rating (S&P/ Fitch)

***/ W.R

Shariah Compliant

Exchange Listed

HKEX

Bond Feature(s)

Issuer Call

At any time and from time to time on or after March 5, 2022, the Issuer may at its option redeem the Notes, in whole or in part, at a redemption price equal to the percentage of principal amount set forth below plus accrued and unpaid interest, if any, to (but not including) the redemption date if redeemed during the twelve month period beginning on March 5 of each of the years indicated below:

Period	Redemption Price
2022	103.70%
2023	101.85%

Make Whole Call

At any time prior to March 5, 2022,, the Company may at its option redeem the Notes, in whole but not in part, at a redemption price equal to 100% of the principal amount of the Notes plus the Applicable Premium as of, and accrued and unpaid interest, if any, to (but not including) the redemption date. Neither the Trustee nor any of the Agents shall be responsible for verifying or calculating the Applicable Premium.

''Applicable Premium'' means with respect to any Note at any redemption date, the greater of (1) 1.00% of the principal amount of such Note and (2) the excess of (A) the present value at such redemption date of (x) the redemption price of such Note at March 5, 2022 (such redemption price being set forth in the table appearing above under the caption ''- Optional Redemption''), plus (y) all required remaining scheduled interest payments due on such Note through March 5, 2022, (but excluding accrued and unpaid interest to the redemption date), computed using a discount rate equal to the Adjusted Treasury Rate plus 100 basis points, over (B) the principal amount of such Note on such redemption date.

Change Control Put

Not later than 30 days following a Change of Control Triggering Event, the Company will make an Offer to Purchase all outstanding Notes (a ''Change of Control Offer'') at a purchase price equal to 101% of the principal amount thereof plus accrued and unpaid interest, if any, to (but not including) the Offer to Purchase Payment Date.

''Change of Control'' means the occurrence of one or more of the following events:

(1) the merger, amalgamation or consolidation of the Company with or into another Person (other than one or more Permitted Holders) or the merger or amalgamation of another Person (other than one or more Permitted Holders) with or into the Company, or the sale of all or substantially all the assets of the Company to another Person;

(2) the Permitted Holders are the beneficial owners of less than 35% of the total voting power of the Voting Stock of the Company;

(3) any ''person'' or ''group'' (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act) is or becomes the ''beneficial owner''(as such term is used in Rule 13d-3 of the Exchange Act), directly or indirectly, of total voting power of the Voting Stock of the Company greater than such total voting power held beneficially by the Permitted Holders;

(4) individuals who on the Original Issue Date constituted the board of directors of the Company, together with any new directors whose election by the board of directors was approved by a vote of at least two-thirds of the directors then still in office who were either directors or whose election was previously so approved, cease for any reason to constitute a majority of the board of directors of the Company then in office; or

(5) the adoption of a plan relating to the liquidation or dissolution of the Company.

Equity Call

At any time and from time to time prior to March 5, 2022, the Company may redeem up to 35% of the aggregate principal amount of the Notes with the Net Cash Proceeds of one or more sales of Common Stock of the Company in an Equity Offering at a redemption price of 107.40% of the principal amount of the Notes, plus accrued and unpaid interest, if any, to (but not including) the redemption date; provided that at least 65% of the aggregate principal amount of the Notes originally issued on the Original Issue Date remains outstanding after each such redemption and any such redemption takes place within 60 days after the closing of the related Equity Offering.

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