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Wanda Properties Global Co. Limited announced the results of its tender offer for its 11% guaranteed bonds due 2028. The offer was launched on 28 January 2026 and expired on 4 February 2026, with strong participation from investors. The company had also announced plans to issue new USD senior guaranteed bonds. Investors who both tender existing bonds and subscribe to the new bonds received priority acceptance and preferential allocation. The company accepted $286.47mn of priority tenders and $23.46mn of additional tenders, all in full and without scaling. Settlement and payment to bondholders occurred on 9 February 2026. After the transaction, ~$78.8mn of principal amount remains outstanding, and the repurchased bonds will be cancelled. The company also issued a notice to redeem all remaining bonds on 25 February 2026 at par plus accrued interest. The tender offer and subsequent redemption form part of Wanda’s broader liability-management exercise to reduce debt and optimize its capital structure.
Its 11% 2028s were trading stable at 99.8 cents on the dollar.
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