News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
Content Sharing
NEW WORLD DEV Reaches New Bank Facility Agreement Covering $88.2B in Existing Unsecured Offshore Financial Debt
On 30 June, NEW WORLD DEV (00017.HK) successfully refinanced certain of its existing offshore unsecured financial indebtedness, including bank loans, through a new refinancing term...
Reset
Send
The window will close in 5 seconds
NEW WORLD DEV Reaches New Bank Facility Agreement Covering $88.2B in Existing Unsecured Offshore Financial Debt
Close
Recommend
8
Positive
8
Negative
11
 
 

On 30 June, NEW WORLD DEV (00017.HK)  -0.230 (-4.014%)    Short selling $22.40M; Ratio 17.648%   successfully refinanced certain of its existing offshore unsecured financial indebtedness, including bank loans, through a new refinancing term loan facility entered into by the Company, the relevant Group entities and the relevant bank creditors; and aligned its other existing offshore unsecured bank loans with the terms of the new bank facility, according to NEW WORLD DEV's announcement.

The new bank facility and aligned bank facilities together cover approximately $88.2 billion of the Group's existing unsecured offshore financial indebtedness.

Related NewsJPM: NWD's HKD88.2B Financing Deal in Line, But Liquidity Pressure Remains
The new bank facility and the aligned bank facilities have terms which allow the Group more flexibility to better manage its expected ongoing business and financial needs, the Group added. The new bank facility consists of multiple tranches of bank loans with different maturities, with the earliest maturity date being 30 June 2028.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-04 16:25.)

AASTOCKS Financial News
Website: www.aastocks.com

Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.