Wanda property eyes offshore cash to avoid guarantee call

Dalian Wanda Commercial Properties (DWCP) has put together a three-pronged plan to address problems related to its offshore loans, worth close to $1.5bn. The deal itself is giving lenders enough of a headache. But it has also put the spotlight on other loans guaranteed by onshore parents in China, writes Shruti Chaturvedi.

  • By Shruti Chaturvedi
  • 16 Nov 2017

The Chinese property company has had a tumultuous few months. Moody’s and S&P downgraded DWCP in late September to Ba1 and BB, respectively, triggering covenants that allowed banks to demand an immediate repayment on loans.

DWCP was also supposed to notify banks in the event that it sold ...

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