New World Development Co. Ltd. has announced the first early settlement in relation to its ongoing exchange offers for certain outstanding guaranteed notes. The transaction involves the exchange of existing notes, including the US$950 million 4.125% guaranteed notes due July 2029, US$600 million 4.5% guaranteed notes due May 2030, and US$200 million 3.75% guaranteed notes due January 2031, all guaranteed by New World Development. The offer is only available to holders outside the United States who are not U.S. persons. The company advises investors to rely only on official announcements and exercise caution when dealing in its securities, as the exchange offers remain open with further updates to be provided in due course.
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