Dalian Wanda unit navigates headlines for $400m
Dalian Wanda Commercial Management Group Co, a subsidiary of Chinese conglomerate Dalian Wanda Group, raised a larger-than-expected $400m bond at a premium, amid media spotlight onshore on a member of the family that owns the firm.
The company will use the new bond proceeds to refinance a $300m 6.25% 363-day bond from February. Since the issuance of that deal, Dalian Wanda Commercial Management has received $1bn of regulatory issuance quota that expires in March 2020.Global co-ordinators Bank of China, Credit Suisse and ...
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