By Rebecca Melvin
New York, Dec. 31 – China’s NWD Finance (MTN) Ltd. issued HK$1.5 billion 4.89% notes due 2049 that are guaranteed by New World Development Co. Ltd., according to a notice.
The notes priced under the issuer’s $6 billion guaranteed medium-term note program.
HSBC was dealer for the Regulation S notes.
Application has been made to list the notes on the Hong Kong exchange. Listing is expected to occur on Jan. 2.
New World Development is a Hong Kong-based conglomerate.
| Issuer: | NWD Finance (MTN) Ltd.
|
| Guarantor: | New World Development Co. Ltd.
|
| Issue: | Guaranteed notes
|
| Amount: | HK$1.5 billion
|
| Maturity: | 2049
|
| Dealer: | HSBC
|
| Coupon: | 4.89%
|
| Announcement date: | Dec. 31
|
| Distribution: | Regulation S
|
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