January 24, 2025 02:26 GMT
EM ASIA CREDIT: New World (NWDEVL) looking to build confidence in liquidity
EM ASIA CREDIT
"*NEW WORLD: SUCCESSFULLY REFINANCED HK$17,761 MLN OF BANK LOANS" - BBG
- The company is looking to shore-up confidence in its ability to meet upcoming maturities, by announcing what it had achieved since July 2024 with regards to bank financing. New World has a large debt maturity wall, CNY9.6bn due this year, but it also must contend with upcoming perps. Though current distressed price levels indicate an acceptance of extension risks.
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