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Wanda Properties’ dollar bonds rallied by over 3-5 points. While there was no specific news on its dollar bonds, its shopping mall unit, Wanda Commercial Management, refiled its application for an IPO in Hong Kong. This comes after the company in June, filed a preliminary prospectus for the fourth time. The IPO is particularly being watched out for, as a failure to complete it IPO by end-2023 would see them make a sizeable RMB 30bn ($4.1bn) repayment to the mall unit’s investors. In late September, it was reported that Dalian Wanda was in negotiations with its backers to avoid the above repayment if the IPO failed.