by Amruth Sundarkumar | May 17, 2023 | High Yield Bonds, Hong Kong
Hong Kong-based developer New World Development’s (NWD) dollar bonds slipped on Tuesday, led by its perps that fell by over 3 points. While there was no specific news that explains the price drop, there have been concerns that Hong Kong’s mass-residential prices...
by Amruth Sundarkumar | Dec 15, 2022 | High Yield Bonds, Hong Kong
New World Development (NWD) announced the results of its tender offer where it will accept: $92.301mn of its 4.25% 2029s at $865 per $1,000 in principal $37.183mn of its 4.5% 2030s at $814 per $1,000 in principal $72.165mn of its 3.75% 2031s at $770 per $1,000 in...
by Amruth Sundarkumar | Dec 5, 2022 | High Yield Bonds, Hong Kong
New World Development (NWD) launched a buyback offer for its $600mn 4.5% 2030s, $200m 3.75% 2031s and $1.3bn 5.75% Perps callable in January 2024. Besides, the buyback offer also included a $335.95mn 4.25% bond due 2029, issued by Celestial Dynasty and guaranteed...
by Amruth Sundarkumar | Oct 25, 2022 | High Yield Bonds, Hong Kong
Dollar perps of Hong Kong property developer New World Development (NWD) fell by 5-7 points on Monday. While there was no specific news about the company, there are concerns that Hong Kong’s mass-residential prices could drop 10-15% before the end-2023 and that...
by Amruth Sundarkumar | Jun 21, 2022 | High Yield Bonds, Hong Kong
New World Development (NWD) has accepted to repurchase $129.4mn, or 13.6% of its 4.375% 2022s which currently has an outstanding principal of $950mn. The new outstanding amount would be $820.6mn. The tender offer was made alongside its $700mn dual-tranche issuance...
