Goldman Sachs has approached lenders about buying a portion of New World Development's (HKG:0017) loans at a discount, Bloomberg News reported Thursday, citing people familiar with the matter.
The U.S. investment bank contacted some lenders involved in New World's record $11 billion loan arranged in June, the report said.
Goldman is prepared to purchase the debt at a discount of at least 15 cents on the dollar, according to the report.
The discussions are at an early stage and may not lead to a deal, it added.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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