| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers Tenders > Headlines for 2022 > News item |
China’s Wanda accepts all $126.85 million tendered 7¼% bonds
Chicago, April 11 – Wanda Properties Overseas Ltd., a subsidiary of Wanda Commercial Properties (Hong Kong) Co. Ltd., is accepting for purchase all $126.85 million of the bonds tendered under its any-and-all tender offer, according to an announcement.
As previously reported, the company was offering to buy back at par notes from its $400 million outstanding 7¼% guaranteed bonds due April 28, 2022 (ISIN: XS2334068645).
Interest is also being paid to the settlement date.
The bonds are guaranteed by Wanda Commercial Properties (Hong Kong) with the benefit of a keepwell deed and deed of equity interest purchase undertaking by Dalian Wanda Commercial Management Group Co. Ltd.
The offer expired at 11 a.m. ET on April 8.
Settlement is planned for April 13.
After settlement, there will be $273.15 million of the bonds outstanding.
Credit Suisse (Hong Kong) Ltd. (+852 2101 6000; list.liabilitymanagementasia@credit.suisse.com), HSBC Ltd. (+852 3941 0223; +44 20 7992 6237; liability.management@hsbcib.com) and Orient Securities (Hong Kong) Ltd. (+852 3519 1114; DCM@dfzq.com.hk) are the joint dealer managers of the offering.
Morrow Sodali Ltd. (+852 2319 4130; +44 20 4513 6933; wanda@investor.morrowsodali.com) is the information and tender agent.
Dalian Wanda Group is a real estate company based in Beijing.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.