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Bond Market News
Cheng Family Puts London Rosewood Hotel for Sale to Ease NWD’s Liqudity Pressures
December 24, 2025
The billionaire Cheng family is said to have put their luxury Rosewood Hotel in London’s Holborn district up for sale, amid efforts to ease financial and liquidity pressures on NWD, as per sources. There were no details on the potential proceeds from the sale. This comes after reports earlier this month indicated that Henry Cheng was said to be exploring the sale of select properties within the family-owned Rosewood Hotel Group. NWD is currently struggling with high debt levels, with the situation being worsened by a sharp decline in Hong Kong’s real estate market. To manage NWD’s liquidity challenges, the Cheng family has been in the process of offloading various assets. They recently proposed a bond swap to reduce NWD’s debt by about $1.2bn.
NWD’s dollar bonds were trading stable, with its 9% Perp trading at 95.95 cents on the dollar.
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