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New World Development defers perpetual bond coupons payment

It will defer on a total of four payments due in June.

New World Development Company Limited has announced that it will defer payments on perpetual bond coupons due in June.

According to a bourse filing, the company will defer payments on two perpetual bond securities due on 9 June and 10 June 2025. It will also defer payments on bonds due on 16 June and 22 June.

Other news outlets reported that New World Development's shares dropped following the announcement of deferred payments.

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