Dalian Wanda, Logan widen in aftermarket

China property_Adobe_23July
By Alice Huang
15 Sep 2020

Bonds sold on Monday by Chinese conglomerate Dalian Wanda Group Co and property developer Logan Group Co have underperformed in the secondary market.

Wanda’s $200m bond, priced at 99.726 on Monday, dropped to 98.25-98.75 the following day. Logan’s $100m notes, which were sold at par, slid to 97.25-98 on Tuesday.

A DCM head away from the deals said the pricing had been too aggressive. Apart from the two new bonds, the ...

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