Some New World Bonds Surge Over 200% as Builder Seeks Stability

New World Development Co.’s recent bond rally has added to gains over the past year that have lifted some of its securities out of distressed territory, while the price of...

By Trista Xinyi Luo, Pearl Liu · Bloomberg Markets

New World Development Co.’s recent bond rally has added to gains over the past year that have lifted some of its securities out of distressed territory, while the price of four of its notes have more than tripled as the builder works to further shore up its liquidity.