Nov 2019
Conyers provided British Virgin Islands legal advice to NWD Finance (BVI) Limited, a wholly owned subsidiary of New World Development Company Limited (Stock Code: 0017) (the “Company”), in connection with its tap issue of US$400 million 6.25% guaranteed senior perpetual capital securities to be consolidated and form a single series with the US$500 million 6.25% guaranteed senior perpetual capital securities issued on 7 March 2019 and the US$400 million 6.25% guaranteed senior perpetual capital securities issued on 24 July 2019 and guaranteed by the Company.
The Company’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 Richard Hall and Associate Ryan McConvey of Conyers’ Hong Kong office advised on the matter, working alongside Linklaters.