DALWAN 6.950% 05Dec2022 Corp (USD)

Bond Factsheet

Matured/ Called

Wanda Properties Overseas Limited (Keepwell: Dalian Wanda Commercial Management Group Co., Ltd.)

Indicative

Full Lot

Bid Price

97.100

Change in Bid Price

Bid Yield (%)

Change in Bid Yield

Ask Price

98.900

Change in Ask Price

Ask Yield (%)

Change in Ask Yield

Indicative price as of 10 Apr 2023, 12:00am

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Bond Information

Wanda Properties Overseas Ltd. operates as a special purpose entity. The Company, formed in order to issue debt, issues, and bonds for its parent company. Wanda Properties Overseas raises funds to purchase existing debt for direct inter-company loans, and for general corporate purposes.

Bond Issuer

Wanda Properties Overseas Limited (Keepwell: Dalian Wanda Commercial Management Group Co., Ltd.)

Guarantor

Multiple Guarantors

Announcement Date

27 Nov 2019

Issue Date

05 Dec 2019

Maturity Date

05 Dec 2022

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

98.875

Issue / Reoffer Yield

7.375

Coupon Type

Fixed

Annual Coupon Rate

6.950

Coupon Frequency

Semi Annually

Seniority

Senior Unsecured

Reference Rate

ISIN

XS2078814147

CUSIP

ZQ7511111

Bond Currency

USD

Total Issue Size

400,000,000

Min. Investment Quantity (Nominal)

USD 200,000

Incremental Quantity (Nominal)

USD 1,000

Bond Type

High Yield Corporate

Bond Sector

Financials

Bond Sub Sector

Real Estate Management and Development

Issuer Credit Rating (S&P/ Fitch)

***/ N.R

Bond Credit Rating (S&P/ Fitch)

***/ BB

Shariah Compliant

Exchange Listed

HKEX

Bond Feature(s)

Change Control Put

At any time following the occurrence of a Change of Control Event, the holder of any Bond will have the right, at such holder's option, to require the Issuer to redeem all but not some only of that holder's Bonds on the Put Settlement Date at 101 per cent. of their principal amount, together with accrued and unpaid interest to (but excluding) such Put Settlement Date.

In this Condition 6(c):

a ''Change of Control Event'' occurs when:

(i) Mr. WANG Jianlin, together with the Permitted Persons, acting together, ceases to Control the Company;

(ii) Wanda HK ceases to be a directly or indirectly wholly-owned Subsidiary of the Company; or

(iii) the Issuer cases to be a directly or indirectly wholly-owned Subsidiary of Wanda HK; ''Control'' means (where applicable): (i) the ownership, acquisition or control of more than 50 per cent. of the voting rights of the issued share capital of a person or (ii) the right to appoint and/or remove all or the majority of the members of a person's board of directors or other governing body, whether obtained directly or indirectly, and whether obtained by ownership of share capital, the possession of voting rights, contract or otherwise and the terms ''controlling'' and ''controlled'' have meanings correlative to the foregoing;

Keepwell Deed

Provided by Dalian Wanda Commercial Management Group Co., Ltd.

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