New World Gets Bump in Support for Its Debt Swap Proposal

Hong Kong developer New World Development Co., the poster child of the city’s distressed property sector, received a small increase in bondholder support for its debt swap plan as a...

By Pearl Liu, Trista Xinyi Luo · Bloomberg Markets

Hong Kong developer New World Development Co., the poster child of the city’s distressed property sector, received a small increase in bondholder support for its debt swap plan as a second early bird deadline closed, a filing showed.