Debt bankers defend premium on Wanda 10 year
Dalian Wanda Commercial Properties priced a $600m 10 year bond on Thursday night, and faced charges that the issuer had paid a hefty premium to establish a longer dated dollar curve. But debt bankers on the bond argued that a stable secondary market performance vindicated the final yield, which was influenced by a soft secondary market, existing price comparables and the issuer’s previous experience in the bond market.
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