NewWorld Development Company Limited
REPORT OF THE DIRECTORS
68
DEBENTURES ISSUED
New World China Land Limited, a subsidiary of the Company, has issued notes for the purpose of financing the general
working capital requirement of its group during the year as follows:
1. On 6 November 2014, USD900.0 million (equivalent to approximately HK$6,993.0 million) 5.375% notes due 2019
were issued and listed on the Stock Exchange at a price of 99.676% of the principal amount, with net proceeds of
USD881.9 million (equivalent to approximately HK$6,930.1 million);
2. On 28 January 2015, HK$800.0 million 5.0% notes due 2022 were issued at a price of 100% of the principal
amount, with net proceeds of HK$786.7 million; and
3. On 30 March 2015, HK$271.0 million 4.75% notes due 2022 were issued at a price of 98.839% of the principal
amount, with net proceeds of HK$267.9 million.
Save as disclosed above, the Group has not issued any debenture during the year.
EQUITY-LINKED AGREEMENTS
Save for the share option schemes of the Group as set out on pages 84 to 95, no equity-linked agreements were
entered into by the Group, or existed during the year.
DISTRIBUTABLE RESERVES
Distributable reserves of the Company as at 30 June 2015, calculated under Part 6 of the Hong Kong Companies
Ordinance (Cap. 622), amounted to HK$20,854.2 million (2014: HK$14,245.5 million).
FIVE-YEAR FINANCIAL SUMMARY
A summary of the results and the assets and liabilities of the Group for the last five financial years is set out on pages
221 and 222.
PURCHASE, SALE OR REDEMPTION OF LISTED SECURITIES
The Company has not redeemed any of its listed securities during the year. Neither the Company nor any of its
subsidiaries has purchased or sold any of the Company’s listed securities during the year.
DONATIONS
The Group made charitable and other donations during the year of HK$40.2 million (2014: HK$124.6 million).
