By Marisa Wong
Morgantown, W.Va., Nov. 17 – China’s Dalian Wanda Commercial Properties Co., Ltd. said it priced RMB 5 billion of 4¼% five-year notes.
This is the company’s second tranche of medium-term notes.
Proceeds will be used to repay bank debt, to broaden financing channels and to reduce financing costs.
The real estate and hospitality conglomerate is based in Dalian, China.
| Issuer: | Dalian Wanda Commercial Properties Co., Ltd.
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| Issue: | Medium-term notes, second tranche
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| Amount: | RMB 5 billion
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| Maturity: | Five years
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| Coupon: | 4¼%
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| Announcement date: | Nov. 17
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