This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
Wanda Group Planning to Sell 48 Malls in a Potential $6.9bn Liquidity Boost
May 28, 2025
Chinese property developer, Wanda Group plans to sell 48 of its shopping malls to a joint venture led by Hong Kong investment firm PAG. Sources note that the deal will be done via an RMB 50bn ($6.9bn) fund. PAG plans to invest about RMB 5bn ($690mn) in the subordinated tranche of the fund, while RMB 30bn ($4.2bn) will come from bank loans, and the remainder from investors via a mezzanine facility. The JV includes a PAG subsidiary, China’s Tencent Holdings, Sunshine Life Insurance, and a vehicle backed by JD.com as investors. China’s antitrust regulator has approved the PAG-led acquisition, sources note. Wanda Group is expected to continue operating the facilities even after this transaction. This move aligns with Wanda Group’s strategy, promoted since 2015, of focusing on an asset-light management model, prioritizing managing Wanda Plaza facilities over owning them. Over 40% of Wanda Plaza malls are already owned by outside companies.
Wanda’s dollar bonds were trading stable with its 11% 2026s at 96.38 cents on the dollar, yielding 16.59%
For more details, click here
Go back to Latest bond Market News
Related Posts:
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.