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New World Development guarantees US$600M of notes due 2027

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New World Development guarantees US$600M of notes due 2027

New World Development Co. Ltd. is guaranteeing New World China Land Ltd.'s issuance of US$600.0 million in 4.75% guaranteed notes due 2027.

New World China expects the Hong Kong bourse to approve the listing of and dealing in the notes Jan. 24.

HSBC and J.P. Morgan, jointly, are book runners and lead managers of the offering.