New World Development shares and bonds rise together. It is reported that the company and the Cheng family are in talks with Blackstone Group regarding financing deals.

date
10/08/2025
New World Development stocks and US dollar bonds hit their biggest increase in months. There are reports that the company and its controlling family are in discussions regarding a potential financing deal worth up to $25 billion. New World Development's stock price in Hong Kong rose by 16% at one point, marking the largest increase in five months, before partially giving back the gains. Credit traders say that some of New World Development's US dollar bonds have risen by approximately 2 cents for every $1 face value. Data shows that the company's 2030 maturity notes with a 4.5% coupon rate are priced at around 53 cents, potentially marking the largest increase in two months. Octus reported on Wednesday evening that New World Development and the Cheng family behind it are in talks with Blackstone Group regarding a potential financing deal, which may include preferred or common shares, ultimately leading to a privatization offer jointly proposed by the Cheng family and Blackstone Group.