By Mary-Katherine Stinson
Lexington, Ky., Jan. 20 – Wanda Properties Global Co. Ltd. priced $400 million 11% guaranteed bonds due Jan. 20, 2025 (Ba3//BB), according to a listing notice.
The listing on the Singapore Exchange is expected to become effective on Jan. 25.
Proceeds will be used to refinance offshore debt, according to Moody’s Investors Service.
Dalian Wanda Group is a real estate company based in Beijing.
Issuer: | Wanda Properties Global Co. Ltd.
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Issue: | Guaranteed bonds
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Amount: | $400 million
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Maturity: | Jan. 20, 2025
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Coupon: | 11%
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Settlement date: | Jan. 20
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Listing date: | Jan. 25
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Ratings: | Moody’s: Ba3
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| Fitch: BB
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ISIN: | XS2577258713
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