The US dollar bond issued by Wanda at the beginning of the year fell sharply this week

China Commercial Real Estate Corporation Dalian Wanda Commercial Management Group has returned to the Asian junk bond market earlier this year. The value of these bonds has fallen sharply this week.

According to the Wall Street Journal, Wanda Business Management Group issued bonds of $ 400 million (Same as S $ 534 million) in January, and then sold 300 million US dollars in bonds the following month.However, after the company's debt was reported by the media, the two bonds fell this week.

Over time, the selling of these bonds has continued to deteriorate. As of Friday (April 21), the price of one of the bonds fell to 59%of the face value.

Wanda Commercial Management Group is controlled by China's billionaire Wang Jianlin and operates shopping malls around China.The focus of media reports this week is that if the company's first public fundraising (IPO) plan cannot be promoted, the company may face a debt burden.