Wed 11/10/2021 05:27 AM
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Hong Kong-listed property developer KWG Group Holdings told some investors that it will use cash on hand onshore as well as offshore funds in an escrow account under its Upper Riverbank residential project in Hong Kong’s Kai Tak district to repay its $300 million 8% privately placed senior notes due Dec. 6, said two market sources familiar with the matter.

KWG is able to use funds in the escrow account as the project is almost completed and ready for delivery to buyers, the sources said.
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