Sidley Austin has advised KWG Property Holding Limited on its $400 million issue of 8.25 percent senior bonds due in 2019, while Davis Polk & Wardwell acted for the initial purchasers.

KWG, a high-end residential properly developer, is listed on the Hong Kong stock exchange. The firm has a large presence in Guangzhou, and is also present in eight other Chinese cities.

Sidley Austin advised KWG on U.S. and Hong Kong law, while Jingtian & Gongcheng and Conyers Dill & Pearman acted as PRC and Cayman Islands counsel, respectively.

A Davis Polk team led by Hong Kong corporate partner William Barron and London tax partner John Paton advised the initial purchasers: Goldman Sachs (Asia), HSBC, Morgan Stanley & Co. International, and Standard Chartered Bank. Commerce and Finance Law Offices provided advice on PRC law.