By William Gullotti
Buffalo, N.Y., June 24 – Wanda Properties Overseas Ltd. priced $75 million of 7¼% bonds due 2022, according to a notice of listing.
The guaranteed bonds will be consolidated with the April 29 issue of $325 million 7¼% guaranteed bonds due 2022 to form a single series.
The bonds are guaranteed by Wanda Commercial Properties (Hong Kong) Co. Ltd. and benefit from a keepwell deed and a deed of equity interest purchase by Dalian Wanda Group Co., Ltd.
Credit Suisse is the global coordinator and sole manager.
The listing is expected to become effective on Friday.
Dalian Wanda Group is a real estate company based in Beijing.
| Issuer: | Wanda Properties Overseas Ltd.
|
| Guarantor: | Wanda Commercial Properties (Hong Kong) Co. Ltd.
|
| Issue: | Guaranteed bonds
|
| Amount: | $75 million
|
| Maturity: | 2022
|
| Bookrunners: | Credit Suisse
|
| Coupon: | 7¼%
|
| Pricing date: | June 22
|
| Listing date: | June 25
|
| Distribution: | Regulation S
|
| Original issue: | $325 million of notes issued April 29
|
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