Wanda Group repurchases $66.5 million of 7½% bonds due 2022

Chicago, July 21 – Wanda Group Overseas Ltd. said that it purchased on the open market $66.5 million of its $550 million 7½% guaranteed bonds due 2022, according to a notice.

The bonds are guaranteed by parent Dalian Wanda Group Co., Ltd.

The repurchases represent around 12.09% of the initial principal amount of notes.

The repurchased bonds have been canceled, leaving $483.5 million, or 87.91%, outstanding.

Wanda Group will monitor market conditions and may make further repurchases. The issuer will make further announcements for every subsequent 5% interval of the initial principal amount that has been repurchased or canceled.

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

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