Hong Kong property developer New World seeks more time to pay bonds with exchange offer
The company has been grappling with tight credit conditions and a prolonged market downturn Published Tue, Oct 6, 2026 · 02:58 PM NEW World Development launched a debt exchange offer on Tuesday (Oct 6) that would allow bondholders to swap some notes due in 2027 and 2028 for new secured debt maturing in 2032. The…