Understanding the Market | New World Development opened over 7% higher, signing a new bank financing agreement covering approximately HKD 88.2 billion of existing offshore debt

New World Development opened over 7% higher, and as of the time of writing, it rose 7.02% to HKD 6.1, with a transaction volume of HKD 16.9153 million. On the news front, New World Development announced that on June 30, 2025, the group successfully signed a new refinancing term loan financing agreement (new bank financing) with relevant bank creditors through the company and related group member companies, refinancing part of the group's existing unsecured offshore financial debt (including bank loans); and coordinated other unsecured offshore bank loans of the group to ensure consistency with the terms of the new bank financing (unified bank financing). The new bank financing and unified bank financing together cover approximately HKD 88.2 billion of the group's existing unsecured offshore financial debt. The terms of the new bank financing and unified bank financing (including financial commitments and pledges on certain assets granted to the group) provide the group with greater flexibility, helping the group better manage its anticipated ongoing business and financial needs. The new bank financing includes multiple bank loans with different maturities, with the earliest maturity date being June 30, 2028