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Bond Market News
NWD in Talks with CapitaLand, Blackstone for Asset Sales
August 11, 2025
According to reports, New World Development (NWD) is in talks with several potential investors including Blackstone and Capitaland Group to buy some of its assets. This follows reports last Thursday indicating that the world’s largest alternative asset manager could be open to taking the developer private. However, the company has since stated that it has not received share offers from any party, including the controlling shareholder of NWD and Blackstone. Singapore property firm CapitaLand is also said to have engaged with NWD for exploratory discussions in recent weeks. Other firms including Ares Management Corp. have also looked at the assets, though there is no indication of any recent concrete discussions, according to reports.
NWD’s 5.875% 2027s have rallied by around 8 points over the past week, currently trading at 78 cents on the dollar, yielding 20.8%.
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