NWDEVL 5.875% 16Jun2027 Corp (USD)

Bond Factsheet

NWD (MTN) Limited

Indicative

Full Lot

Bid Price

96.083

Change in Bid Price

0.666

Bid Yield (%)

11.886 %

Change in Bid Yield

remove 1.039

Ask Price

97.083

Change in Ask Price

0.666

Ask Yield (%)

10.308 %

Change in Ask Yield

remove 1.026

Indicative price as of 02 Oct 2026, 4:33pm

chevron_leftchevron_right

Bond Information

NWD (MTN) Limited operates as an investment management company. The Company provides property development, infrastructure and services, retail, hotels, serviced apartments, and boasting operations. NWD (MTN) serves customers in Hong Kong and China.

Bond Issuer

NWD (MTN) Limited

Guarantor

New World Development Co Ltd

Announcement Date

08 Jun 2022

Issue Date

16 Jun 2022

Maturity Date

16 Jun 2027

Years to Maturity / Next Call

0.695 / 0.443

Modified Duration

0.647 @ 02 Oct 2026

Issue / Reoffer Price

99.808

Issue / Reoffer Yield

5.920

Coupon Type

Fixed

Annual Coupon Rate

5.875

Coupon Frequency

Semi Annually

Seniority

Senior Unsecured

Reference Rate

ISIN

XS2488074662

CUSIP

BX0660940

Bond Currency

USD

Total Issue Size

200,000,000

Outstanding Issue Size

162,590,000

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

Exchange Listed

HKEX

Bond Feature(s)

Issuer Call

If the Call Option is specified in the relevant Pricing Supplement as being applicable, the Notes may be redeemed at the option of the Issuer in whole or, if so specified in the relevant Pricing Supplement, in part on any Optional Redemption Date (Call) at the relevant Optional Redemption Amount (Call) on the Issuer’s giving not less than 30 nor more than 60 days’ notice to the Noteholders (which notice shall be irrevocable and shall oblige the Issuer to redeem the Notes or, as the case may be, the Notes specified in such notice on the relevant Optional Redemption Date (Call) at the Optional Redemption Amount (Call) plus accrued and unpaid interest (if any) to such date).

Optional Redemption Date(s): At any date on or after 16 March 2027.

Callable in whole on any day from the date that falls 3 months prior to 16 June 2027 at par.

Change Control Call

At any time following the occurrence of a Change of Control, the holder of each Note will have the right, at such holder’s option, to require the Issuer to redeem all but not some only of that holder’s Notes on the Change of Control Put Date at their Early Redemption Amount (Change of Control), together with accrued and unpaid interest (if any) up to, but excluding the Change of Control Put Date.

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;

Bondsupermart strives to ensure the accuracy and relevance of the information provided here. If the information is not up-to-date or erroneous, we appreciate feedback to keep it accurate.

Related Documents