Mei Ri Jing Ji Xin Wen·2025-06-12 01:31Group 1 - The company, New City Development, announced plans for an international issuance of US dollar-denominated senior notes, targeting institutional investors through a series of roadshows [2] - The pricing of the notes, including the total principal amount, issue price, and interest rate, will be determined by a consortium of financial institutions [2] - The proceeds from the proposed note issuance are intended to fund a simultaneous cash offer to repurchase outstanding notes maturing in July 2025 and October 2025 [2] Group 2 - New City Development is the parent company of New City Holdings, a private real estate enterprise, and is reportedly preparing to issue US dollar bonds with an expected issuance amount between $250 million and $300 million [3] - The company has applied for the notes to be officially listed and quoted on the Singapore Exchange [2] - The notes are expected to receive a B- rating from Standard & Poor's Rating Services [2]