New World Must Reckon With $6.8 Billion of Bonds After Swap
Distressed Hong Kong developer New World Development Co.’s bond swap plan is set to trim about $1.2 billion from the company’s debt pile, but it is still facing liquidity strains...
By Trista Xinyi Luo · Bloomberg
Distressed Hong Kong developer New World Development Co.’s bond swap plan is set to trim about $1.2 billion from the company’s debt pile, but it is still facing liquidity strains with one of the heaviest debt burdens of any builder in the city.