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Published on 12/20/2019 in the Prospect News Emerging Markets Daily.

New Issue: China’s Wanda Group prices $150 million add-on to 7½ bonds due 2022

By Angela McDaniels

Tacoma, Wash., Dec. 20 – Wanda Group Overseas Ltd. priced an additional $150 million of 7½% bonds due 2022 guaranteed by Dalian Wanda Group Co., Ltd., according to a notice of listing on the Stock Exchange of Hong Kong Ltd.

The bonds priced at 98.105 plus accrued interest from and including July 24 to but excluding Sept. 12.

The bonds are an add-on to the $400 million of bonds that priced July 24 at 99.015. The total amount issued is now $550 million.

Credit Suisse, China Everbright Bank, Hong Kong Branch, HSBC, China Securities International, Bank of China, CMB International and Nomura acted as global coordinators, bookrunners and lead managers for the add-on.

Joining them as bookrunners and lead managers were China International Capital Corp., China Citic Bank International, ICBC International, SPDB International, Founder Securities (Hong Kong) Ltd. and Orient Securities (Hong Kong).

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

Issuer:Wanda Group Overseas Ltd.
Guarantor:Dalian Wanda Group Co., Ltd.
Issue:Bonds
Amount:$150 million add-on
Maturity:2022
Bookrunners:Credit Suisse, China Everbright Bank, Hong Kong Branch, HSBC, China Securities International, Bank of China, CMB International, Nomura, China International Capital Corp., China Citic Bank International, ICBC International, SPDB International, Founder Securities (Hong Kong) Ltd. and Orient Securities (Hong Kong)
Coupon:7½%
Price:98.105 plus accrued interest from and including July 24 to but excluding Sept. 12
Announcement date:Dec. 20
Total issue size:$550 million

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