Global marketsUpdated 1h ago

New World unveils a $3.2bn rights issue at an 82% discount to reduce debt

New World’s investor announcement brought a $3.2bn rights issue, priced at an 82% discount. The company is pursuing the share offer as it moves to reduce debt, one month after reporting a record annual loss. The steep discount makes the offer hard to miss; the stated aim is to shrink what the company owes.

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