Coupon rate of 11.88%: New City Development breaks the ice with USD bond financing.

According to reporters, Xincheng Development issued $300 million in US dollar bonds, with a subscription amount exceeding $880 million. The final coupon rate is 11.88%, lower than the initial guidance rate of 13.25%. This means that Xincheng Development will be the first privately-owned real estate company to restart US dollar bond financing.