by Amruth Sundarkumar | Feb 2, 2023 | China, High Yield Bonds
Dalian Wanda Group is said to be in discussions to secure an offshore loan to pay its $350mn 8,875% dollar bond due on March 21, as per sources. They noted that the company was in talks with ICBC and that the financing would be backed by onshore assets of Wanda. In...
by Amruth Sundarkumar | Jul 15, 2022 | China, Corporates, Distressed / Defaulted Bonds, High Yield Bonds
Wanda Group Overseas, a subsidiary of Dalian Wanda Group, bought back $30.5mn, or 8% of its outstanding $380mn 8.875% 2023s. The new principal outstanding will be $349.5mn. Dalian Wanda is currently rated Ba1/BB+/BB+ by Moody’s/S&P/Fitch. The...
by Amruth Sundarkumar | Oct 25, 2021 | China, High Yield Bonds
Dalian Wanda Group’s property servicing arm, Zhuhai Wanda Commercial Management Group has filed for a listing on the Hong Kong Stock Exchange (HKSE) with a value up to $4bn, as per sources. The company is 69.99% owned by Dalian Wanda Commercial Management (DWCM) and...
by bondevalue | May 24, 2021 | China, High Yield Bonds
Chinese conglomerate Dalian Wanda Group Co. has exited its investment in American movie theatre operator AMC Entertainment Holdings Inc., as per a filing on Friday. The Wang Jianlin-led company, which acquired AMC in 2012 for $2.6bn, has slashed its stake to a mere...
