{"id":165082,"date":"2025-11-18T15:20:47","date_gmt":"2025-11-18T08:20:47","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-development-secures-65-perpetual-bond-swap-but-debt-pressure-persists\/"},"modified":"2025-11-18T15:31:45","modified_gmt":"2025-11-18T08:31:45","slug":"new-world-development-secures-65-perpetual-bond-swap-but-debt-pressure-persists","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-development-secures-65-perpetual-bond-swap-but-debt-pressure-persists\/","title":{"rendered":"New World Development secures 65% perpetual bond swap but debt pressure persists"},"content":{"rendered":"


\nDistressed Hong Kong developer New World Development (NWD) has secured investor consent to swap 65 per cent of its perpetual bonds in an exchange plan by an early deadline, but still has work to do to tackle the highest debt load among builders in the city.
\nInvestors tendered US$2.09 billion of the securities by an initial early deadline of November 17, out of a potential amount of as much as US$3.2 billion, a company filing showed.
\nThe company has since extended that early deadline for…
\n
\nSource : South China Morning Post
\nRead more…New World Development secures 65% perpetual bond swap but debt pressure persists<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Distressed Hong Kong developer New World Development (NWD) has secured investor consent to swap 65...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-165082","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-GWC","jetpack-related-posts":[{"id":139808,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/country-garden-misses-a-bond-payment-signals-possible-default-on-part-of-us180-billion-liabilities-as-chinas-housing-slump-persists\/","url_meta":{"origin":165082,"position":0},"title":"Country Garden misses a bond payment, signals possible default on part of US$180 billion liabilities as China\u2019s housing slump persists","date":"October 10, 2023","format":false,"excerpt":"\r Chinese developer Country Garden is stumbling toward a full-blown debt reorganisation with creditors after missing a bond payment and warning of possible default on its offshore borrowings.\r \r Source : South China Morning Post\r Read more...Country Garden misses a bond payment, signals possible default on part of US0 billion\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":59276,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrandes-us6-6b-bond-rattles-markets-prompts-round-of-head-scratching\/","url_meta":{"origin":165082,"position":1},"title":"China Evergrande\u2019s US$6.6b bond rattles markets, prompts round of head-scratching","date":"June 29, 2017","format":false,"excerpt":"\r China Evergrande Group has come under the spotlight after it issued a US$6.6 billion bond last week, the largest US dollar bond ever completed in Asia, even as the debt-laden property giant has vowed to deleverage. Evergrande, the country\u2019s largest, yet most indebted developer with a debt-equity ratio over\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124221,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-three-red-lines-policy-is-about-to-crush-another-developer-as-yuzhou-group-seeks-to-swap-bonds-delay-coupon-and-weaken-debt-covenants\/","url_meta":{"origin":165082,"position":2},"title":"China\u2019s \u2018three red lines\u2019 policy is about to crush another developer as Yuzhou Group seeks to swap bonds, delay coupon and weaken debt covenants","date":"January 13, 2022","format":false,"excerpt":"\r China\u2019s crushing \u201cthree red lines\u201d policy against home developers continues to claim new victims as Yuzhou Group turned to creditors for forbearance on more than US$5 billion of debt from years of unrestrained offshore borrowing.The group is offering sweeteners to bondholders to delay repayment by a year on two\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":57090,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-hits-another-high-on-aggressive-debt-repayment\/","url_meta":{"origin":165082,"position":3},"title":"Evergrande hits another high on aggressive debt repayment","date":"June 6, 2017","format":false,"excerpt":"\r China Evergrande Group shares hit another all-time high on Tuesday as the developer vows to repay all of its perpetual bond by the end of June. Prices once surged by as much as 9 per cent in early trading in Hong Kong to touch HK$17.36, but tapered off at\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":139188,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sino-ocean-freezes-payments-on-us4-billion-bonds-other-offshore-debt-to-pursue-restructuring-as-chinas-housing-slump-persists\/","url_meta":{"origin":165082,"position":4},"title":"Sino-Ocean freezes payments on US$4 billion bonds, other offshore debt to pursue restructuring as China\u2019s housing slump persists","date":"September 15, 2023","format":false,"excerpt":"\r State-linked developer Sino-Ocean will stop servicing its offshore debt, including almost US$4 billion of bonds, to pursue a debt restructuring. This signals China\u2019s housing market is far from reversing a three-year slump.\r \r Source : South China Morning Post\r Read more...Sino-Ocean freezes payments on US billion bonds, other offshore\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138171,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-china-aoyuan-seeks-creditors-approval-for-us4-2-billion-offshore-debt-plan-as-delisting-warning-looms\/","url_meta":{"origin":165082,"position":5},"title":"Developer China Aoyuan seeks creditors\u2019 approval for US$4.2 billion offshore-debt plan as delisting warning looms","date":"July 3, 2023","format":false,"excerpt":"\r The agreement, which includes new notes, new shares, debt-to-equity conversion, perpetual securities and the transfer of shares to creditors, will need the approval of 75 per cent of offshore debt holders to move forward.\r \r Source : South China Morning Post\r Read more...Developer China Aoyuan seeks creditors\u2019 approval for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/165082"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=165082"}],"version-history":[{"count":1,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/165082\/revisions"}],"predecessor-version":[{"id":165083,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/165082\/revisions\/165083"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=165082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=165082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=165082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}