Latest news with #couponpayments
Bloomberg
3 days ago
- Business
- Bloomberg
New World Development Defers Perpetual Bond Coupon Payments
By 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.
Bloomberg
5 days ago
- Business
- Bloomberg
New World's Perpetual Bond Drops as Coupon Payment Date Nears
A perpetual bond issued by Hong Kong developer New World Development Co. fell to its lowest level in three months, as investors wait to see whether the company will defer June coupon payments. The 6.15% perpetual note slumped more than 4 cents to 54.8 cents on the dollar as of 4:23 p.m. Hong Kong time, heading for its lowest level since February, according to data compiled by Bloomberg News. Several other dollar bonds sold by the troubled builder slid about 2 cents.
