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New World Development unit seeks Hong Kong listing for HK$450M notes offering

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New World Development unit seeks Hong Kong listing for HK$450M notes offering

New World Development Co. Ltd.'s NWD (MTN) Ltd. is seeking approval from the Hong Kong stock exchange for the listing of its HK$450.0 million issuance of 3.80% guaranteed notes due 2029.

The notes, which are being offered under the issuer's US$4.00 billion medium-term note program, are expected to trade on the bourse May 21, according to a filing.

Standard Chartered Bank is the placing agent for the notes that are guaranteed by the Hong Kong-listed developer.