Dalian Wanda Group issued the second high -yield U.S. high -level unsecured bonds for a second month, thinking that existing debt was re -financing.
Comprehensive Surging News and Bloomberg reported on Monday (February 6) that the annual interest rate of the three -year USD bond was 12.5%, which was higher than Wanda's other US dollar bonds.Bonds will be listed on the Singapore Stock Exchange. On February 13, 2023, the use of funds will be re -financed by existing debt.However, the report did not disclose the total scale of the bond.
For the US dollar debt, the three international rating agencies gave issuance rating respectively, of which Moody's granting BB+ negative, and excellent BB+ stable rating was given to BA1 stability, S & P given BB+ negative, and flavored.
Wanda Real Estate, a subsidiary of Wanda Group, issued a $ 400 million US dollar bond on January 13 this year, with a yield of 12.375%, much higher than other US dollar bonds under Wanda.The bond is also the first public bookkeeping transaction from Chinese real estate issuers since November 2021.
On the other hand, according to Bloomberg's previous report, Wanda Group is supporting domestic assets as support and negotiating an overseas loan financing with Industrial and Commercial Bank of China to repay 350 million US dollars (about S $ 457 million)The US dollar bonds expired next month, but related details may still change.
