Why Property Giant New World’s Debt Woes Have Hong Kong on Edge

Why Hong Kong is Losing Global Relevance

News Analysis In a move that has rattled investor confidence, New World Development Co. (HKEX: 0017)—one of Hong Kong’s most prominent property developers—has deferred coupon payments on its perpetual bonds, citing liquidity concerns amid ongoing market volatility. The decision has raised concerns among analysts about broader structural vulnerabilities within the city’s real estate and financial sectors, recalling the bond defaults that shook ma…

Why Property Giant New World’s Debt Woes Have Hong Kong on Edge

Bankers in Hong Kong are on edge as New World Development Co., one of the city’s top real estate developers, attempts to pull off an HK$87.5 billion ($11.2 billion) refinancing deal by the end of the month.

Why property giant New World’s debt woes have Hong Kong on edge

Bankers in Hong Kong are on edge as New World Development, one of the city’s top real estate developers, attempts to pull off an HK$87.5 billion (S$14.3 billion) refinancing deal by the end of the month.