NWD to Issue USD189.13 Million New VD Notes After Full Acceptance of Early Exchange Tenders

Bulletin Express10-15

New World Development Company Limited (NWD, HKEX: 00017) reported the early results of its multi-series exchange offers, confirming that all notes tendered by the 14 October 2026 early tender deadline have been accepted in full by the new issuer, CS Management Services (NB) Limited (New VD BondCo).

New VD BondCo will issue USD189.13 million aggregate principal amount of New VD Notes maturing 5 December 2032 in exchange for the early-accepted notes. The securities will carry ISIN XS3543746179 and settle on the early payment date, 20 October 2026.

Tender participation by series: • 4.75% Guaranteed Notes due January 2027 – USD33.52 million accepted from an outstanding USD456.87 million • 5.875% Guaranteed Notes due June 2027 – USD20.34 million accepted from USD162.59 million outstanding • 8.625% Guaranteed Notes due February 2028 – USD145.22 million accepted from USD372.04 million outstanding

The aggregate tenders did not exceed either the overall Maximum New VD Notes Cap or the sub-cap applicable to the February 2028 series, eliminating the need for scaling. All other terms of the exchange offers remain as outlined in the 6 October 2026 exchange offer memorandum.

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