NWS Holdings completes debut CB

Services arm of Hong Kong''s New World group enters CB market to repay debt
March 29, 2004

NWS Holdings raised HK$1.35 billion ($173 million) from the convertible bond market yesterday (Monday) via house bank Morgan Stanley. Proceeds are being used to re-pay debt at the company, which is the second most heavily indebted entity of the New World Group.

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