By Rebecca Melvin
New York, May 19 – China’s NWD (MTN) Ltd. issued $600 million of 4˝% notes due 2030 guaranteed by New World Development Co. Ltd., according to a notice.
Citigroup, HSBC, UBS and Goldman Sachs (Asia) LLC are the joint global coordinators and are joint bookrunners and joint lead managers along with Bank of Communications and HeungKong Financial.
The Regulation S notes were issued under the company’s $6 billion guaranteed medium-term note program.
New World Development is a Hong Kong-based conglomerate.
Issuer: | NWD (MTN) Ltd.
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Guarantor: | New World Development Co. Ltd.
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Issue: | Notes
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Amount: | $600 million
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Maturity: | 2030
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Bookrunners: | Citigroup, HSBC, UBS, Goldman Sachs (Asia) LLC, Bank of Communications and HeungKong Financial
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Coupon: | 4˝%
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Pricing date: | May 19
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Listing date: | May 20
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Distribution: | Regulation S
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