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Prospect News home > News index > List of issuers N > Headlines for NWD Finance (BVI) Ltd. > News item
Published on 5/27/2021 in the Prospect News Emerging Markets Daily.

China’s New World Development plans dollar-denominated perpetuals

By Wendy Van Sickle

Columbus, Ohio, May 27 – New World Development Co. Ltd.’s NWD Finance (BVI) Ltd. unit plans to issue new dollar-denominated perpetual securities, according to a company announcement.

Proceeds are expected to be used to fund a tender offer for NWD’s $1.2 billion of 5¾% senior perpetual capital securities.

New World Development is a Hong Kong-based conglomerate.


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