By Mary-Katherine Stinson
Lexington, Ky., Feb. 13 – Wanda Properties Global Co. Ltd. sold $300 million 11% guaranteed bonds due Feb. 13, 2026 (Ba3//BB), according to a listing notice.
Wanda Commercial Properties (HK) Co. Ltd. is guaranteeing the bonds.
The listing on the Singapore Exchange is expected to become effective on Feb. 14.
Proceeds, according to Moody’s Investors Service, are expected to prepay maturing debt.
Dalian Wanda Group is a real estate company based in Beijing.
| Issuer: | Wanda Properties Global Co. Ltd.
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| Guarantor: | Wanda Commercial Properties (HK) Co. Ltd.
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| Issue: | Guaranteed bonds
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| Amount: | $300 million
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| Maturity: | Feb. 13, 2026
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| Coupon: | 11%
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| Settlement date: | Feb. 13
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| Listing date: | Feb. 14
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| Ratings: | Moody’s: Ba3
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| Fitch: BB
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| ISIN: | XS2586129574
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