Advanced Theory & Practice of Bonds

Recognized under IBF-FTS | 7-8 June 2022 | 12 CPD Hours

Comprehensive 2-day course on bonds designed for private bankers, wealth managers and advisors.

Hong Kong property developer New World Development (NWD) expects its investments in China, particularly in the Greater Bay Area (GBA) development zone, to generate double-digit growth over the next few years, as per the CEO who spoke at the 24th Credit Suisse Asian Investment Conference on Monday. As per CEO Adrian Cheng Chi-Kong, their investments in the zone is the largest among its peers in Hong Kong, investing over $3bn in the last 5 years with 62% of its 5.6mn square metres of land in China in the GBA. NWD expects a CAGR of 25%-30% in Chinese rental growth and contract sales to compound at double-digits. The GBA zone is expected to see Beijing develop it into a business hub similar to those of San Francisco and Tokyo. GBA contributed 76% of NWD’s $1.7bn of contract sales in China in 2H2020. As borders reopen and vaccinations improve, the CEO is optimistic about growth.

NWD’s dollar bonds were stable – its 3.75% 2031s were at 98.7, yielding 3.9% and its 5.75% Perp was at 100.7, yielding 4.3%.

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