New World tops up fixed-for-life perp with $400m

Silas Brown

July 18, 2019 12:00 pm

China property_230px — tianjin skyline and cityscape at daytime,china,asia. | kalafoto - Fotolia

Hong Kong’s New World Development (NWD) sold an additional $400m of 6.25% senior fixed-for-life perpetual bonds on Wednesday, taking advantage of a “constructive” market for such structures.

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Topics

UBS Corporate Bonds Hong Kong SAR Asia Greater China Northeast Asia Asia Pacific Emerging Markets HSBC High grade and crossover bonds

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Silas Brown