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’s Dollar Bonds Surge on Blackstone Stake Speculation
January 30, 2026
New World Development (NWD) said that its parent, Chow Tai Fook Enterprises (CTFE), has been approached by potential investors following reports that Blackstone is in talks to acquire a stake that could make it NWD’s largest shareholder. Media reports suggest Blackstone would lead a restructuring, including asset sales to bolster liquidity, though the size of any stake has not been disclosed. NWD confirmed CTFE has held discussions with several parties, but stressed that no agreements have been reached and there is no certainty a transaction will proceed. The developer has become Hong Kong’s most indebted property company after years of leverage collided with a prolonged downturn, posting a HKD 16.3bn ($2.1bn) loss in June 2025. NWD has accelerated asset disposals, raising HKD 34.8bn (~$4.5bn) since early 2025, while its shares have surged over 50% this month.
NWD’s dollar bonds jumped by 1-2 points across the curve. Its bonds have gained by almost ~60% in the last 6 months as seen in the chart above:
For more details, click here
Go back to Latest bond Market News
Related Posts:
NWD’s Dollar Bonds Drop Again on Project Delay
December 17, 2024
NWD Proposes Additional $3.8bn for Loan Collateral
February 19, 2025
NWD Plans to Sweeten Terms for New $11.2bn Loans
April 2, 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.