Reuters · October 14, 2026

New World Development Expects to Issue About $189.1 Million in New Secured Notes Due 2032 After Early Debt Exchange Tenders

• New World Development said it expects to issue about $189.1 million in new secured notes due 2032 after receiving sufficient tenders during the early phase of its debt exchange offer.
• The offer, launched last week, allowed bondholders to swap some notes due in 2027 and 2028 for new secured debt maturing in 2032, according to the report.
• The offer covered three U.S. dollar-denominated note series with a combined outstanding principal of about $991 million, due in January 2027, June 2027 and February 2028, according to the report.
• The company said all notes tendered by the early deadline would be accepted in full without scaling, and settlement of the early accepted notes is expected on October 20.

Issue amount, offer terms and settlement date as stated by New World Development, cited in the original report. Original headline: "New World expects to issue $189 million of new notes after early debt exchange results".