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Published on 1/14/2021 in the Prospect News Emerging Markets Daily and Prospect News Green Finance Daily.

New Issue: China’s New World Development sells $200 million 3¾% sustainability notes due 2031

By Marisa Wong

Los Angeles, Jan. 14 – NWD (MTN) Ltd. priced $200 million of 3¾% sustainability-linked notes due 2031 guaranteed by New World Development Co. Ltd., according to a company announcement.

The notes will be issued under the company’s $6 billion medium-term note program.

JPMorgan and UBS are the joint bookrunners, joint lead managers and joint global coordinators for the Regulation S deal.

New World Development is a Hong Kong-based conglomerate.

Issuer:NWD (MTN) Ltd.
Guarantor:New World Development Co. Ltd.
Issue:Sustainability-linked notes
Amount:$200 million
Maturity:2031
Bookrunners:JPMorgan and UBS
Coupon:3¾%
Pricing date:Jan. 7
Listing date:Jan. 15
Listing:Stock Exchange of Hong Kong Ltd.
Distribution:Regulation S

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