New City Development: Completed cash acquisition settlement for two USD bond offers

NightAirdropper

2026-03-11 14:09:37

Abstract generation in progress

Securities Times: On March 11, New City Development announced that its subsidiary, New City Global Limited, has completed the settlement of cash purchase offers for two outstanding USD senior notes. The announcement states that the two notes involved are the 2026 maturity note with a 4.5% coupon (ISIN: XS2290806285) and the 2027 maturity note with an 11.88% coupon (ISIN: XS3192214685).

The issuer has accepted and repurchased a total of $167,978,000 of the 2026 maturity notes, which were canceled on March 10, 2026. After canceling these accepted notes, the remaining outstanding principal of the 2026 notes is $236,022,000. The issuer hereby clarifies that the accrued interest on the 2026 notes should be $4.75 per $1,000 of the outstanding principal of the 2026 notes.

The issuer has accepted and repurchased a total of $65,973,000 of the 2027 maturity notes, which were canceled on March 10, 2026. After canceling these accepted notes, the remaining outstanding principal of the 2027 notes is $94,027,000. The issuer hereby clarifies that the accrued interest on the 2027 notes should be $52.8 per $1,000 of the outstanding principal of the 2027 notes.

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