Market Chatter: Goldman Sachs Seeks Slice of New World Development's Loan at Discount

MT Newswires Live12-18 13:09

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.

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