(7 July 2011, Hong Kong) NWS Holdings Limited (“NWS Holdings” or the “Group”; Hong Kong stock code: 659) is pleased to announce that a subsidiary of the Group (the “Issuer”) will issue CNY guaranteed bonds in an aggregate principal amount of CNY1 billion at an offer price of 99.288%, bearing an interest rate of 2.75% per annum and due in 2014. The bonds will be listed on the Main Board of the Singapore Exchange Securities Trading Limited.
NWS Holdings believes that the issuance of these guaranteed bonds can strengthen its CNY war-chest. While the Group remains committed to tapping opportunities to sustain long-term development, the net proceeds of approximately CNY0.99 billion (equivalent to approximately HK$1.19 billion) can well position itself to fund future acquisition to capitalize on the upside potential of Mainland China.
The completion of the issuance of these guaranteed bonds is subject to the terms and conditions as set out in the subscription agreement entered into among the Issuer, NWS Holdings and The Hongkong and Shanghai Banking Corporation Limited, the sole bookrunner and the sole lead manager, on 6 July 2011.
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This press release is also available on the Group’s website ( www.nws.com.hk).
NWS Holdings Limited (“NWS Holdings”, Hong Kong stock code: 659), the infrastructure and service flagship of New World Development Company Limited (Hong Kong stock code: 17), embraces businesses in Hong Kong, Mainland China and Macau. Its Infrastructure portfolio includes Roads, Energy, Water and Ports & Logistics projects. Its Services division comprises Facilities Management (the management of Hong Kong Convention and Exhibition Centre and Free Duty), Construction & Transport (Hip Hing Construction and bus and ferry services) and Strategic Investments (Newton Resources, Tricor, Haitong and securities investments).
For further information, please contact:
NWS Holdings Limited
