New World debt swap offer deadline, expected to issue USD 1.362 billion in new bonds to reach the original target of 71.7%

AASTOCKS
2025.12.04 00:46

New World (00017.HK) announced that the previously proposed exchange offer for the replacement of part of the existing perpetual bonds and notes has expired at 11:59 PM New York time yesterday (2nd). Holders of existing perpetual bonds totaling nearly USD 2.293 billion and holders of existing notes totaling nearly USD 236 million accepted the offer. The group expects to issue nearly USD 1.176 billion in new perpetual bonds and nearly USD 187 million in new notes for the replacement, with a total new issuance amount of USD 1.362 billion, reaching 71.1% of the original issuance cap of USD 1.9 billion.

Based on the accepted offer principal amount relative to the total new debt issuance, New World will reduce its debt by approximately USD 1.17 billion, with a "haircut" of nearly 50%

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