NWS Holdings Limited (HKG:0659) announced that Rosy Unicorn Limited (the Issuer), a wholly-subsidiary of the Company, and the Company entered into the subscription agreement with the Joint Lead Managers on 2 February 2012 in relation to an international offering of US$500 million 6.50% guaranteed bonds due 2017.

The net proceeds from the bond issue, which will be US$494.0 million (HK$3.85 billion), will be used for general working capital purposes and to refinance the existing banking facilities utilized to finance the acquisition of the interest in Hangzhou Ring Road, including the Bridging Facility.

The SGX-ST has given approval-in-principle to deal in, and for the listing and quotation of, the Bonds on the Main Board of the SGX-ST.