By Marisa Wong
Los Angeles, July 18 – China’s NWD (MTN) Ltd. issued $950 million of 4 1/8% notes due 2029 guaranteed by New World Development Co. Ltd., according to a notice.
Citigroup, HSBC, Mizuho Securities, UBS and HeungKong Financial are the joint bookrunners and joint lead managers. Citigroup, HSBC, Mizuho Securities and UBS are also joint global coordinators.
The Regulation S notes were issued under the company’s $4 billion guaranteed medium-term note program.
New World Development is a Hong Kong-based conglomerate.
| Issuer: | NWD (MTN) Ltd.
|
| Guarantor: | New World Development Co. Ltd.
|
| Issue: | Notes
|
| Amount: | $950 million
|
| Maturity: | 2029
|
| Bookrunners: | Citigroup, HSBC, Mizuho Securities, UBS and HeungKong Financial
|
| Coupon: | 4 1/8%
|
| Pricing date: | July 11
|
| Listing date: | July 19
|
| Distribution: | Regulation S
|
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