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New World Development secures 65% perpetual bond swap but debt pressure persists
scmp.com/business/article/3333251/new-world-development-secures-65-perpetual-bond-swap-debt-pressure-persists
Distressed Hong Kong developer New World Development (NWD) has secured investor consent to swap 65 per cent of its perpetual bonds in an exchange plan by an early deadline, but still has work to do to tackle the highest debt load among builders in the city.
Investors tendered US$2.09…
This story appeared on scmp.com, 2025-11-18 08:20:47.