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Dalian Wanda Commercial Management Group saw its 11% dollar bonds due in February 2026 drop to below 92 cents from as high as 97 a month ago. The firm, which previously delayed payments on dollar securities, has been working with advisers to seek interest from investors for potential options to deal with the $700mn owed across its two outstanding dollar notes, as per reports. Sources suggest that Wanda is potentially considering an offer to buy back some of the $400mn 11% note due in February and issue new securities to refinance the rest. Funding to repay the $300mn 11% note due in January bond has been identified, sources said. However, they noted that Wanda has not decided on the timing of the deal and other details including size, tenor and deal structure.
Wanda’s dollar bonds are trading with a negative bias this morning, down by ~0.6 points – its 11% January 2026s are trading around 97 cents on the dollar, while the 11% February 2026s are trading around 92 cents on the dollar.
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