Dalian Wanda unit plans $180 million more 8 7/8% bonds due 2023

By Wendy Van Sickle

Columbus, Ohio, Jan. 27 – Wanda Group Overseas Ltd. is offering $180 million of additional 8 7/8% bonds due March 21, 2023 guaranteed by Dalian Wanda Group Co., Ltd. at par, according to a notice with the Stock Exchange of Hong Kong Ltd.

The notes will be consolidated and form a single series with the $200 million of bonds issued by the company on Sept. 21, 2020.

Credit Suisse, Bocom International and Orient Securities (Hong Kong) acted as global coordinators, bookrunners and lead managers.

Proceeds would be used to refinance existing debt.

Dalian Wanda Group is a real estate company based in Beijing.

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