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NWD Plans Loan Refinancing, Offering Properties Worth $100B+ as Collateral: Report
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NEW WORLD DEV (00017.HK) has offered properties valued at US$15 billion (around $116.7 billion) as collateral for loan refinancing, Bloomberg, citing sources, reported. NEW WORLD DEV opened flat today (21st) but then turned north, peaking at $4.42. It last traded at $4.34, up 2.12%, on a volume of 9.22 million shares, involving $39.8496 million. Sources indicated that NEW WORLD DEV had requested banks to provide a three-year financing arrangement backed by some of its well-known properties as collateral to refinance its $58.1 billion unsecured loans due in 2025 and 2026. AAStocks Financial News |
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