KWGPRO 6.000% 14Aug2026 Corp (USD)

Bond Factsheet

Trading without Accrued Interest

KWG Group Holdings Limited

Indicative

Full Lot

Bid Price

4.154

Change in Bid Price

remove 0.037

Bid Yield (%)

Change in Bid Yield

Ask Price

4.608

Change in Ask Price

0.048

Ask Yield (%)

Change in Ask Yield

Indicative price as of 06 Oct 2026, 4:04pm

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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

10 May 2021

Issue Date

14 May 2021

Maturity Date

14 Aug 2026

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

6.000

Coupon Type

Fixed

Annual Coupon Rate

6.000

Coupon Frequency

Semi Annually

Seniority

Secured

Reference Rate

Accrued Interest

Trading without

ISIN

XS2343325622

CUSIP

BP4633833

Bond Currency

USD

Total Issue Size

378,000,000

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 August 14, 2024, 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 August 14 of each of the years indicated below:

Period	Redemption Price
2024	103%
2025	101.5%

Make Whole Call

At any time prior to August 14, 2024, 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 August 14, 2024 (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 August 14, 2024 (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.

For the avoidance of doubt, for purposes of this definition of ‘‘—Change of Control’’, a sale of shares of Capital Stock of a Restricted Subsidiary to Independent Third Parties in an initial public offering and listing on a stock exchange of the shares of Capital Stock of such Restricted Subsidiary where such Restricted Subsidiary (i) remains a Restricted Subsidiary immediately after such sale and (ii) the Company, immediately after such sale, owns, directly or indirectly, at least 30.0% of the Voting Stock of such Restricted Subsidiary shall not constitute a sale of substantially all properties and assets of the Company.

‘‘Change of Control Triggering Event’’ means the occurrence of both a Change of Control and, provided the Notes are rated by at least one Rating Agency, a Rating Decline.

Equity Call

At any time and from time to time prior to August 14, 2024, 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 106% 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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