China’s K. Wah International rolls out $1 billion MTN program

By Marisa Wong

Madison, Wis., June 23 – K. Wah International Financial Services Ltd. has launched a $1 billion medium-term note program, according to a notice. The program is guaranteed by parent company K. Wah International Holdings Ltd.

The company may issue notes under the program within 12 months after June 23.

BofA Merrill Lynch is the arranger.

Listing of the program on the Stock Exchange of Hong Kong Ltd. is expected to be effective June 24.

The parent company is a Hong Kong investment holding company owning subsidiaries in property development and investment and construction materials.

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