NWD (MTN) Limited
Indicative
Full Lot
Indicative price as of 02 Oct 2026, 4:33pm
Bond Issuer
NWD (MTN) Limited
Guarantor
New World Development Co Ltd
Announcement Date
07 Jan 2021
Issue Date
14 Jan 2021
Maturity Date
14 Jan 2031
Years to Maturity / Next Call
4.279 / -
Modified Duration
3.677 @ 02 Oct 2026
Issue / Reoffer Price
99.530
Issue / Reoffer Yield
3.807
Coupon Type
Fixed
Annual Coupon Rate
3.750
Coupon Frequency
Semi Annually
Seniority
Senior Unsecured
Reference Rate
-
ISIN
XS2282055081
CUSIP
BN3891213
Bond Currency
USD
Total Issue Size
200,000,000
Outstanding Issue Size
65,785,000
Min. Investment Quantity (Nominal)
USD 200,000
Incremental Quantity (Nominal)
USD 1,000
Bond Type
High Yield Corporate
Bond Sector
Financials
Bond Sub Sector
Real Estate Management and Development
Issuer Credit Rating (S&P/ Fitch)
***/ N.R
Bond Credit Rating (S&P/ Fitch)
***/ N.R
Shariah Compliant
No
Exchange Listed
HKEX
For the purposes of this Condition 10(g): a "Change of Control" occurs when:
(i) any Person or Persons acting together acquires Control of the Guarantor if such Person or Persons does not or do not have, and would not be deemed to have, Control of the Guarantor on the Issue Date;
(ii) the Guarantor consolidates with or merges into or sells or transfers all or substantially all of its assets to any other Person, unless the consolidation, merger, sale or transfer will not result in the other Person or Persons acquiring Control over the Guarantor or the successor entity; or
(iii) one or more Persons acquires the beneficial ownership of all or substantially all of the Guarantor's issued share capital;
"Control" means the acquisition or control of more than 50% of the voting rights of the issued share capital of the Guarantor or the right to appoint and/or remove all or the majority of the members of the Guarantor's board of directors or other governing body, whether obtained directly or indirectly, and whether obtained by ownership of share capital, the possession of voting rights, contract or otherwise and the terms "Controlling" and "Controlled" shall have meanings correlative to the foregoing; and
a "Person", as used in this Condition 10(g), includes any individual, company, corporation, firm, partnership, joint venture, undertaking, association, organisation, trust, state or agency of a state (in each case whether or not being a separate legal entity) but does not include (i) the Guarantor's board of directors or any other governing board, (ii) the Guarantor's wholly-owned direct or indirect subsidiaries; (iii) Dato' Dr Cheng Yu-Tung, his relatives and/or extended family and/or companies which are controlled by any of them and/or trusts in which Dato' Dr. Cheng Yu-Tung, his relatives and/or extended family and/or companies which are controlled by any of them are beneficiaries and/or interests associated with any or some of them; and (iv) Chow Tai Fook Enterprises Limited ("CTFEL") and its Affiliates. For this purpose, "Affiliates" of CTFEL means any Person directly or indirectly Controlling, Controlled by or under common control with CTFEL.
Cash Flow Information
