NEW WORLD CHINA LAND TO ISSUE CNY2.5BN BONDS
AsiaInfo Services, May, 2007
AsiaInfo Services 05-11-2007 New World China Land to Issue CNY2.5bn Bonds BEIJING, May 11, 2007 (SinoCast via COMTEX) -- New World China Land Limited, a leading Chinese real estate developer, announced that it plans to issue CNY 2.5 billion worth of five-year Yuan-denominated bonds in an effort to raise capital for its land development project in Beijing, which is likely to make the Hong Kong-traded land developer the mainland's second renminbi bond issuer after the Hopson Development Holdings Limited. The bonds, denominated in Chinese yuan, will be repaid in US dollar on the basis of the exchange rate at the day of its duration. There is no doubt that the special clearing form will help the company attract more investors because of the favorable appreciation...
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