新世界发展通过65%的债券汇兑参与,避免违约,在减少债务方面保证了1.3B美元。
New World Development secures $1.3B in debt reduction via 65% bond exchange participation, avoiding default.
香港最负债的房地产开发商,新世界开发公司,在吸引65%的投资者参与其19亿美元的债券交换提议后,预计债务将减少13亿美元,11月17日是最早的截止日期。
Hong Kong’s most indebted property developer, New World Development, expects to reduce $1.3 billion in debt after attracting 65% investor participation in its $1.9 billion bond exchange offer, with an early deadline on November 17.
这项提议允许长期和高级票据持有者以贴现利率将债券换成新债券,并给予奖励,包括现金支付和提前招标的低发。
The offer allows holders of perpetual and senior notes to swap bonds for new ones at discounted rates, with incentives including cash payments and lower haircuts for early tenders.
该公司旨在改进流动性,避免在具有挑战性的财产市场中出现违约,此前曾采取行动,如推迟支付息票和确保主要贷款设施。
The company aims to improve liquidity and avoid defaults amid a challenging property market, following prior actions like deferring coupon payments and securing major loan facilities.
交换于12月2日关闭。
The exchange closes December 2.