BOND COMPLEXITY : MODERATE ISIN: XS2488074662
NWDEVL 5.875% 16Jun2027 Corp (USD)
NWD (MTN) LIMITED
Indicative Bid Price
94.300
Bid Yield to Maturity
12.250%
Bid Yield to Call
14.396%
Min. Investment (Nominal)
200000
Indicative Ask Price
95.100
Ask Yield to Maturity
11.320%
Ask Yield to Call
13.146%
Next Call Date
15 Mar 2027
Credit Rating (Bond)
N.R
No Rating
Seniority
Senior Unsecured
Investor Profile
 Speculative / Distressed
Chart
Created with Highcharts 9.3.2Chart context menuBid Yield to CallAsk Yield to CallBid Yield to MaturityAsk Yield to Maturity26. May28. May30. May1. Jun3. Jun5. Jun7. Jun9. Jun11. Jun13. Jun15. Jun17. Jun19. Jun21. Jun101112131415fundsupermart.com
Bond Information
NWD (MTN) Limited operates as an investment management firm. The Company offers property development, infrastructure and services, retail, hotels and serviced apartments, and boasting operations. NWD (MTN) serves customers in Hong Kong and China.
Bond Issuer
NWD (MTN) Limited
Guarantor
New World Development Co Ltd
Announcement Date
07 Jun 2022
Issue Date
15 Jun 2022
Maturity Date / Next Call Date
15 Jun 2027 / 15 Mar 2027
Years to Maturity / Next Call
0.976 / 0.724
Issue/Reoffer Price
99.808
Issue/Reoffer Yield
5.920
Coupon Type
Fixed
Annual Coupon Rate (%)
5.875
Annual Coupon Frequency
Semi Annually
Seniority
Senior Unsecured
Exchange Listed
HKEX
Reference Rate
-
ISIN
XS2488074662
CUSIP
BX0660940
Bond Currency
USD
Total Issue Size
USD 162,590,000
Minimum Investment Quantity (Nominal)
USD 200,000
Incremental Quantity (Nominal)
USD 1,000
Bond Registration
Wholesale
Bond Type
High Yield Corporate
Bond Sector
Financials
Bond Sub Sector
Real Estate Management and Development
Issuer Credit Rating (S&P/ Fitch)
***/N.R
Bond Credit Rating (S&P/ Fitch)
***/N.R
Shariah Compliant
No
W-8BEN Declaration needed
No
Bond Feature(s)
At any time following the occurrence of a Change of Control, the holder of each Note will have the right, at such holder’s option, to require the Issuer to redeem all but not some only of that holder’s Notes on the Change of Control Put Date at their Early Redemption Amount (Change of Control), together with accrued and unpaid interest (if any) up to, but excluding the Change of Control Put Date.

For the purposes of this Condition 10(g): a “Change of Control” occurs when:
(i) any Person or Persons acting together acquires Control of the Guarantor if such Person or Persons does not or do not have, and would not be deemed to have, Control of the Guarantor on the Issue Date;
(ii) the Guarantor consolidates with or merges into or sells or transfers all or substantially all of its assets to any other Person, unless the consolidation, merger, sale or transfer will not result in the other Person or Persons acquiring Control over the Guarantor or the successor entity; or
(iii) one or more Persons acquires the beneficial ownership of all or substantially all of the Guarantor’s issued share capital;
If the Call Option is specified in the relevant Pricing Supplement as being applicable, the Notes may be redeemed at the option of the Issuer in whole or, if so specified in the relevant Pricing Supplement, in part on any Optional Redemption Date (Call) at the relevant Optional Redemption Amount (Call) on the Issuer’s giving not less than 30 nor more than 60 days’ notice to the Noteholders (which notice shall be irrevocable and shall oblige the Issuer to redeem the Notes or, as the case may be, the Notes specified in such notice on the relevant Optional Redemption Date (Call) at the Optional Redemption Amount (Call) plus accrued and unpaid interest (if any) to such date).

Optional Redemption Date(s): At any date on or after 16 March 2027.

Callable in whole on any day from the date that falls 3 months prior to 16 June 2027 at par.
Price History
(Daily prices for the last 3 months), if you wish to view more than 3 months price history you may export the file
DATE
BID PRICE
ASK PRICE
ASK YIELD (CALL)
ASK YIELD (MATURITY)
22 Jun 202694.30095.10013.14611.320
21 Jun 202694.30095.10013.11811.305
18 Jun 202694.30095.10013.09111.290
17 Jun 202694.30095.10013.06411.276
16 Jun 202694.30095.10012.98311.232
15 Jun 202694.30095.10012.95711.218
14 Jun 202694.26795.11712.90511.185
11 Jun 202694.26795.06712.95411.227
10 Jun 202694.26794.73313.42911.589
09 Jun 202694.26795.06712.85211.167
Total of 65 entries
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FSM Global strives to ensure the accuracy and relevance of the information provided here. If the information is not up-to-date or erroneous, we appreciate feedback to keep it accurate.
Credit Rating

There are no credit rating changes for this bond for the past 3 years.

Related Documents
pdfIcon
Preliminary Pricing Supplement
Preliminary Pricing Supplement Dated 8 June 2022
pdfIcon
Offering Circular
U.S.$7,000,000,000 Medium Term Note Programme. Offering Circular dated on 18 January 2022.
pdfIcon
Pricing Supplement
Issue of U.S.$200,000,000 5.875 per cent. Guaranteed Notes due 2027. Pricing Supplement dated 8 June 2022.
Related Bonds
BOND NAME

ISSUER

MATURITY DATE / NEXT CALL DATE
ASK PRICE
ASK YTM / YTW
BOND CREDIT RATING (S&P/FITCH)
action
NWDEVL 4.500% 19May2030 Corp (USD)

NWD (MTN) Limited

 18 May 2030 81.817 10.273% p.a. ***/N.R
TRANSACT
NWDEVL 3.500% 03Feb2031 Corp (HKD)

NWD (MTN) Limited

 02 Feb 2031 71.957 11.696% p.a. ***/N.R
TRANSACT
Total of 2 entries
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FSM's Fees
For more information, please refer to the Pricing Structure
For each Buy & Sell Order (Retail^, Wholesale, Bond Express)
Processing Fee
0.35% / Min. SGD 10*
Platform Fee
0.05% per quarter
Other Charges
Goods & Services Tax (GST)
9% (GST is applicable to Singaporean residents on FSM’s fee)
Order Processing Time
Buy Wholesale Bonds / SGS Bonds / Retail (All payment type)
Generally T+2 business days upon payment clearance
Sell Wholesale Bonds / SGS Bonds / Retail Bonds
Generally T+2 business days (Redemption proceeds will be credited on next day)
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Remark

  1. *Processing fee is subjected to a minimum of SGD 10 (or in its equivalent currency).
  2. ^ For the purchase of the Retail Bonds, FSM Global will be absorbing SGX related Charges, till further notice.
  3. T = Transaction Date
    The Order processing time refers to the order completion and reflected in your account.
    ^The Purchase date will be based on T date

Platform Charge
  1. For the purpose of benefiting from lower rates based on higher investment holding tiers, the effective platform fee rate is based on the total combined holdings of all FSM accounts under main account holder (including beneficiary accounts), while Stock / ETF / Cash Account holdings are excluded from the combined holdings amount.
  2. Platform fee is charged for funds / bonds investments (excluding CPF holdings). The fee is accrued daily, calculated based on the daily average market value of the total Assets Under Administration (AUA) and deducted on a quarterly basis.

Note
  1. All fees and commission quoted are exclusive of Goods and Services Tax (GST).
  2. Platform fee is charged for funds / bonds investments (excluding CPF holdings). The fee is accrued daily, calculated based on the daily average market value of the total Assets Under Administration (AUA) and deducted on a quarterly basis.

Potential Income Explained
EDIT
Est. Payable Amount
USD 191,615.78
Years to Call
8+ months
Est. Total Income
USD 8,812.50
Yield to Call
12.631%
Indicative Cash Flow
Nominal Value
USD 200,000.00
  • 2027
    Mar
    Coupon
    USD 2,937.50
    Early Redemption
    USD 200,000.00
  • 2026
    Dec
    Coupon
    USD 5,875.00
Disclaimer: Cash flow calculations are computed based on current coupon rate till next possible call or maturity date. Figures reflected are indicative and subjected to changes in case of any corporate actions.
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