Core Points - The company, New City Development (01030.HK), announced a purchase agreement for the issuance and sale of $160 million 11.88% guaranteed senior notes due in 2027 [1] - The total proceeds from the note issuance are expected to be approximately $157 million, which will be used for debt repayment and general corporate purposes [1] - The notes have received in-principle approval for listing and quotation on the Singapore Exchange [1][2] Summary by Sections - Issuance Details - The company, along with its affiliates, has entered into a purchase agreement with several financial institutions for the issuance of senior notes [1] - The expected completion date for the note issuance is September 30, 2025 [2] - Use of Proceeds - The net proceeds from the issuance will be utilized primarily for repaying existing debts and for general corporate purposes [1] - Regulatory Approval - The notes have been granted in-principle approval for listing on the Singapore Exchange, although this does not indicate the value of the issuer or the notes [1]
新城发展(01030.HK)子公司新城环球拟发行1.6亿美元优先票据