Goldman Seeks to Buy Part of Hong Kong Builder New World’s Loan

Goldman Sachs Group Inc. has sought to purchase a portion of New World Development Co.’s loans at a discount, an indication of how one potential investor would value the debt of a builder that’s become a poster child of Hong Kong’s property woes.

The US investment bank had approached some lenders involved in the record $11 billion loan extended to New World in June, according to people familiar with the matter. Goldman is willing to buy the debt at a discount of at least 15 cents on the dollar, the people said, who asked not to be identified discussing private matters.