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NEW WORLD DEV Reportedly Has US$5.05M Coupon Due Tdy
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Bloomberg quoted sources as saying that NEW WORLD DEV (00017.HK) has a US$5.05 million coupon due on Monday (16th). The bond is a USD bond with an interest rate of 5.875%, and does not allow for optional deferrals. Failure to pay the coupon within the 14-day grace period following maturity could constitute a default.

NEW WORLD DEV opened 0.38% higher today, and peaked at $5.41. It last printed at $5.34, up 0.19%, with a trading volume of 9.4624 million shares, involving $50.4944 million.

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