AdvertisementAdvertisementBusiness03 Nov 2025 09:31AM (Updated: 03 Nov 2025 09:35AM) Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInRead a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST Hong Kong property developer New World Development has launched a debt exchange offer of up to $1.9 billion, aiming to restructure its outstanding perpetual securities, it said in an exchange filing on Monday.The company intends to issue up to $1.6 billion in new perpetual securities, with the remaining $300 million allocated to new notes.The move comes as the Hong Kong-based company seeks to manage its capital structure in a challenging financing environment.New World Development said the offer was aimed at extending debt maturities, boosting liquidity and balance sheet flexibility, and strengthening its financial position.The company is one of the several Chinese developers seeking to refinance debt and improve liquidity as the property sector faces sustained pressure from tighter credit conditions and regulatory scrutiny.New World Development's debt woes trace back to an ambitious expansion spree, which collided with Hong Kong's political unrest, the COVID-19 pandemic and a drawn-out real estate slump.Despite clinching a crucial $11.24 billion loan refinancing package earlier this year, the company still needs additional funding to cut its debt and sustain operations in a weak property market, it had said in September.Earlier this year, the company had secured a term loan facility of up to HK$5.9 billion ($759.58 million) from German multinational investment lender Deutsche Bank AG.($1 = 7.7675 Hong Kong dollars)Source: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST