Dec 2023
Conyers advises NEW WORLD CHINA LAND LIMITED, NWD (MTN) Limited and NWD FINANCE (BVI) LIMITED in connection with an invitation by New World Development Company Limited (“New World Development”) to the respective holders of the below outstanding securities:
- US$600 million 4.75% guaranteed notes due 2027 issued by NEW WORLD CHINA LAND LIMITED;
- US$950 million 4.125% guaranteed notes due 2029 issued by NWD (MTN) Limited;
- US$600 million 4.50% guaranteed notes due 2030 issued by NWD (MTN) Limited;
- US$200 million 5.875% guaranteed notes due 2027 issued by NWD (MTN) Limited;
- US$200 million 3.75% guaranteed sustainability-linked notes due 2031 issued by NWD (MTN) Limited;
- US$1.2 billion 4.125% guaranteed senior perpetual capital securities issued by NWD FINANCE (BVI) LIMITED; and
- US$500 million 6.15% guaranteed senior perpetual capital securities issued by NWD FINANCE (BVI) LIMITED,
each unconditionally and irrevocably guaranteed by New World Development.
New World Development’s core business areas include property development, infrastructure and services, retail, and hotels and serviced apartments, boasting operations in Hong Kong, Mainland China, Macau and numerous major cities.
Partner Anna Chong and Legal Manager Michelle Au of Conyers’ Hong Kong office advised on the matter working alongside Clifford Chance.