Summary
- Sidley served as international counsel for Deutsche Bank AG and The Hongkong and Shanghai Banking Corporation in New World Development Company Limited’s exchange offer, which exchanged US$199.3 million of existing notes for US$189.3 million of new VD notes.
- Launched on October 6, 2026, the transaction settled on October 20 and October 23, optimizing New World Development’s debt-maturity profile and enhancing its financial position.
- This follows Sidley’s previous involvement in a landmark exchange offer for New World Development completed on December 5, 2025, involving US$2.53 billion in securities.
- The deal underscores Sidley's expertise in complex liability management transactions within the Asia Pacific region, further
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