瑞银发表研报指，新世界发展(00017.HK) 一笔总额3.45亿美元的永续债券据报于上月中旬未有赎回，重新定价票面利率预料从6.15%递增至10.2%，另外集团亦宣布延迟支付四个系列永续证券的票息，两项举动均不构成技术性违约。
瑞银估算目前新世界未偿还永续债券总额达350亿港元，透过全数延付票息，预计集团每年可节省逾19亿元现金利息，有助增强其还款能力。按现行会计准则，所有延付的票息将计入本金，并进一步减少归属于股东的剩余资产净值，瑞银预期可能对集团股价带来短期下行压力。
展望未来，该行认为一众银行对新世界再融资的态度，将成为关键催化剂，目前基于每股资产净值折让75%，给予目标价4元，评级为“沽售”。(gc/da)(港股报价延迟最少十五分钟。沽空资料截至 2025-06-02 12:25。)
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