| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers W > Headlines for Wanda Real Estate Investments Ltd. > News item |
Wanda Properties conducts mandatory buyback on 7¼% bonds due 2024
Chicago, Jan. 8 – Wanda Properties International Co. Ltd. confirmed that the issuer executed a mandatory redemption for $60 million of the 7¼% guaranteed bonds due Jan. 29, 2024 (ISIN: XS1023280271).
The redemption was a result of a consent solicitation for the notes that included an 11-month extension on the maturity date.
Wanda redeemed 10% of the bonds on Jan. 5 at par with accrued interest.
The redemption leaves $540 million of the bonds outstanding.
According to the Prospect News archive regarding the consent solicitation, Wanda is expected to partially redeem more bonds on May 29, 2024 and Sept. 29, 2024.
The notes are guaranteed by subsidiaries Wanda Commercial Properties (Hong Kong) Co. Ltd., Wanda Real Estate Investments Ltd. and Wanda Commercial Properties Overseas Ltd. and were issued with the benefit of a keepwell deed and a deed of equity interest purchase from Dalian Wanda Commercial Management Group Co., Ltd.
Formerly Dalian Wanda Commercial Properties Co., Ltd., Dalian Wanda is a real estate company based in Beijing.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.