Ge Long Hui·2025-06-19 06:56Group 1 - Moody's upgraded the rating outlook for New City Development to positive, reflecting improved financing channels and reduced refinancing risks due to the successful issuance of $300 million offshore bonds [1] - New City Development completed the issuance of $300 million senior unsecured bonds with a three-year term, which received enthusiastic subscriptions from international investors [1] - The proceeds from the bond issuance are intended for the tender offer to repurchase maturing dollar bonds due in July [1] Group 2 - For the first five months of this year, New City Holdings achieved a cumulative contract sales amount of 8.836 billion yuan and total commercial operating revenue of 5.760 billion yuan, representing a year-on-year growth of 12.01% [2] - New City is recognized as one of the few established private real estate companies maintaining financial safety, with high certainty in credit bond repayment [2] - The positive rating outlook from Moody's signals a favorable trend in the industry, as quality private real estate companies are experiencing credit rating recoveries amid policy benefits and improved financing channels [2]