This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
NWD Misses Self Imposed Deadline for Secured Loan
July 15, 2025
NWD’s self imposed deadline on July 11 to secure up to HKD 15.6bn ($2bn) via a loan has expired, as per sources. The developer had planned to raise up to $2bn via a new 3Y loan secured by its Victoria Dockside asset with proceeds to be used to repay debt. The sources noted that some of NWD’s existing financiers did not express interest in further increasing their exposure to the developer. Invitations for the loan financing were sent in May and some have noted that it is common for such deadlines to be extended in the syndicated loan market. Separately, NWD is also is seeking to sell real estate assets in mainland China via piecemeal divestments. This includes its prominent K11 buildings in Hangzhou, Shenzhen and Shanghai, to ease the ongoing liquidity stress it faces.
NWD’s dollar bonds were trading stable, with its 8.625% 2028s currently at 64.7 cents on the dollar.
For more details, click here
Go back to Latest bond Market News
Related Posts:
NWD Warns of Potential Loss of Up to $871mn
February 24, 2025
NWD Posts $852mn Loss; Vanke to Repay Local Bond
March 3, 2025
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.