#Latest news with #PearlLiuBloomberg3 days agoBusinessBloombergNew World Development Defers Perpetual Bond Coupon PaymentsBy and Pearl Liu Updated on Save New World Development Co. said that it plans to defer coupon payments due in June on perpetual bonds, as a deadline neared for the cash-strapped builder to notify holders of its decision. The company said it has notified all holders of two perpetual securities with scheduled coupon payments on June 9 and June 10 that it has elected a deferral, according to a Friday filing to the Hong Kong Stock Exchange. It added that it intends to defer payments on two other bonds originally scheduled later next month.
Bloomberg3 days agoBusinessBloombergNew World Development Defers Perpetual Bond Coupon PaymentsBy and Pearl Liu Updated on Save New World Development Co. said that it plans to defer coupon payments due in June on perpetual bonds, as a deadline neared for the cash-strapped builder to notify holders of its decision. The company said it has notified all holders of two perpetual securities with scheduled coupon payments on June 9 and June 10 that it has elected a deferral, according to a Friday filing to the Hong Kong Stock Exchange. It added that it intends to defer payments on two other bonds originally scheduled later next month.
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