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Bond Market News
NWD Said to be Aiming at Selling Assets by June to Generate Positive Cash Flow
January 22, 2026
New World Development (NWD) is said to have informed investors that it aims to push to sell at least one asset by the end of June, as per sources. They noted that the developer aims to achieve the goal of generating positive cash flow for the fiscal year ending June 30. However, the report did not disclose the names of any specific assets or the size of the potential transaction. Some analysts and investors estimated that the funding gap could be over HKD 8bn ($1bn), and that the group prefers to sell a core asset in Hong Kong. It added that due to lukewarm investor interest , NWD’s plans to sell other projects might have hit a hurdle.
NWD’s dollar bonds were trading slightly weaker, with its 10.131% Perp down 0.4 points at 71.6, yielding 13.2%.
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