{"id":115404,"date":"2025-11-03T09:51:08","date_gmt":"2025-11-03T09:51:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/115404\/"},"modified":"2025-11-03T09:51:08","modified_gmt":"2025-11-03T09:51:08","slug":"new-world-plans-1-9-billion-debt-swap-with-creditor-haircuts","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/115404\/","title":{"rendered":"New World Plans $1.9 Billion Debt Swap With Creditor Haircuts"},"content":{"rendered":"<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\"><a href=\"https:\/\/www.bloomberg.com\/quote\/17:HK\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">New World Development Co.<\/a> plans to issue up to $1.9 billion of new debt in an exchange offer that includes haircuts of as much as 50% on perpetual bonds, the embattled property firm\u2019s latest attempt to shore up liquidity amid persistent <a href=\"https:\/\/www.bloomberg.com\/news\/terminal\/T3BTMDGOYMTR\" class=\"media-ui-Link_link-tVkXhPLPofs- whitespace-normal\" target=\"_blank\" rel=\"noopener nofollow\" data-component=\"link\">lossesBloomberg Terminal<\/a>.<\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">The Hong Kong-based company plans to swap existing debt for up to $1.6 billion in new perpetual securities and $300 million in fresh notes due in 2031, according to an exchange <a href=\"https:\/\/www.bloomberg.com\/news\/terminal\/T54K3SGPL456\" class=\"media-ui-Link_link-tVkXhPLPofs- whitespace-normal\" target=\"_blank\" rel=\"noopener nofollow\" data-component=\"link\">filingBloomberg Terminal<\/a> on Monday. <\/p>\n","protected":false},"excerpt":{"rendered":"New World Development Co. plans to issue up to $1.9 billion of new debt in an exchange offer&hellip;\n","protected":false},"author":2,"featured_media":115405,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[2300,910,138,607,44648,5399,219,4431,3508,220,82205,111,139,69,9739,22288],"class_list":{"0":"post-115404","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-asia","9":"tag-bonds","10":"tag-business","11":"tag-china","12":"tag-darren-the","13":"tag-debt","14":"tag-economy","15":"tag-hong-kong","16":"tag-interest-rates","17":"tag-markets","18":"tag-new-world-development","19":"tag-new-zealand","20":"tag-newzealand","21":"tag-nz","22":"tag-singapore","23":"tag-us-dollar-spot"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/115404","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=115404"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/115404\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/115405"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=115404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=115404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=115404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}