票面利率11.88%：新城发展美元债融资破冰

Group 1 - The core point of the article is that New City Development has successfully issued a USD 300 million bond, marking it as the first private real estate company to restart USD bond financing [1] - The bond received a subscription amount exceeding USD 880 million, indicating strong investor interest [1] - The final coupon rate of 11.88% is lower than the initial guidance rate of 13.25%, reflecting favorable market conditions for the company [1]