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...
by Amruth Sundarkumar | Jan 6, 2022 | High Yield Bonds, Hong Kong
Sun Hung Kai Properties overtook New World Development (NWD) as the largest seller of new homes in Hong Kong according to SCMP citing Dataelements. Sun Hung Kai recorded sales of HKD 29.65bn ($3.8bn) in 2021, a 15% YoY jump. NWD dropped to fourth as its sales plunged...
