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New World Development repurchases from three series on open market
Chicago, Jan. 5 – New World Development Co. Ltd. announced open market buybacks from three series in a notice on Friday.
The company repurchased $10,201,000, or 1.07% of the initial principal amount, of the $950 million 4 1/8% guaranteed notes due 2029 issued by NWD (MTN) Ltd.
Additionally, $9.23 million, or 1.54%, of the $600 million 4½% guaranteed notes also issued by NWD and due in 2030 were bought back.
From the $1 billion 5¼% guaranteed senior perpetual capital securities issued by NWD Finance (BVI) Ltd., $1 million, or 0.1% of the initial principal amount was repurchased.
After cancellation, there are $717,799,000 of the notes due 2029, $442,587,000 of the notes due 2030 and $999 million of the perpetual securities outstanding.
New World Development is a Hong Kong-based conglomerate.
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