Core Viewpoint - New City Development (01030) announced that New City Global Limited plans to issue guaranteed senior notes denominated in US dollars, with a total principal amount of $355 million and an interest rate of 11.8%, maturing in 2029 [1] Group 1 - The company has entered into a purchase agreement with Citigroup Global Markets Limited, Haitong International Securities Company Limited, and Longstone Capital Management Limited as initial purchasers for the issuance and sale of the notes [1] - The total proceeds from the note issuance are expected to be approximately $345 million [1] - The net proceeds from the issuance will be used to fund a concurrent tender offer for 2026, refinance existing debt, and for general corporate purposes [1] - The expected completion date for the note issuance is March 9, 2026 [1]
新城发展子公司新城环球有限公司拟发行于2029年到期的3.55亿美元11.8%担保优先票据