Date
19 October 2017

Dalian Wanda delays bond offering, WSJ says

Property and entertainment conglomerate Dalian Wanda Group Corp. has postponed a plan to issue international bonds because of poor appetite from investors and market volatility, the Wall Street Journal reported Wednesday, citing people close to the deal. The company’s property unit, Dalian Wanda Commercial Properties Co., had planned to issue a five-year, US dollar-denominated bond with a yield of around 4.5 percent, or 3.25 percentage points above comparable U.S. Treasurys, through its offshore subsidiary in Hong Kong, the report said. But a sudden selloff in global bond markets in recent days is deterring interest in debt, it said. 

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