NWD offers attractive terms for $950m bond deal

By Addison Gong, Silas Brown
12 Jul 2019

Blue chip Hong Kong issuer New World Development Co has priced a 10 year bond worth $950m, after the leads decided to start bookbuilding at a generous level to build momentum.

Global co-ordinators Citi, HSBC, Mizuho and UBS announced initial price guidance at the 250bp over US Treasuries area for a 10 year bond on Thursday morning Asia time.

Both bankers on and away from the deal said the initial guidance was pretty generous.

“NWD had an ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.