Xin Jing Bao·2025-09-25 07:25Group 1 - New City Development Holdings Limited issued $160 million of senior secured notes with a maturity of 2 years and a coupon rate of 11.88% [1] - The proceeds from the bond issuance will be used to repay existing debts and for daily operations [1] - This is the second dollar bond issuance by New City Development this year, following a $300 million senior unsecured bond issued in June with the same coupon rate [1] Group 2 - New City Development's parent company, New City Holdings, is likely issuing high-yield bonds to address upcoming dollar debt maturities [2] - As of the end of June, New City Holdings had non-current liabilities due within one year amounting to 13.788 billion yuan, an increase of 14.15% year-on-year [2] - New City Holdings has a remaining principal of $250 million on a public offshore bond that is due on October 15 [2]