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Bond Market News
Wanda Seeks to Extend Maturity Date of Dollar Bond Due in February 2026
December 9, 2025
Dalian Wanda Commercial Management Group, the commercial property division of Dalian Wanda Group, is attempting to defer a debt obligation. It is formally asking bondholders for permission to extend the maturity date of its $400mn 11% dollar bond due in February 2026 by two years, until February 2028. Wanda intends to keep the current 11% coupon on the notes unchanged while repaying the principal in scheduled installments over the extended period. The developer has historically deferred dollar bond payments too, and is currently working with advisors to manage $700mn in total bond obligations due next year. This comes amid the ongoing distress in the Chinese property market, exacerbated by the recent payment delay proposals by China Vanke.
Wanda dollar bonds were trading with a positive bias – its 11% January 2026s are trading around 98.97 cents on the dollar, while the 11% February 2026s are trading around 93.38 cents on the dollar.
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