DALWAN 6.875% 23Jul2023 Corp (USD)

Bond Factsheet

Matured/ Called

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

Indicative

Full Lot

Bid Price

90.025

Change in Bid Price

1.436

Bid Yield (%)

Change in Bid Yield

Ask Price

92.975

Change in Ask Price

0.174

Ask Yield (%)

Change in Ask Yield

Indicative price as of 28 Jul 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

Subsidiaries

Announcement Date

20 Jan 2020

Issue Date

23 Jan 2020

Maturity Date

23 Jul 2023

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

6.875

Coupon Type

Fixed

Annual Coupon Rate

6.875

Coupon Frequency

Semi Annually

Seniority

Senior Unsecured

Reference Rate

ISIN

XS2100658066

CUSIP

ZP5871261

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)

***/ B+

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.

A Put Exercise Notice, once delivered, shall be irrevocable and the Issuer shall redeem the Bonds subject to the Put Exercise Notices delivered as aforesaid on the Put Settlement Date.

The Issuer shall give notice to Bondholders in accordance with Condition 16 and the Trustee and the Principal Paying Agent in writing by not later than 14 days following the first day on which it becomes aware of the occurrence of a Change of Control Event, which notice shall specify the procedure for exercise by holders of their rights to require redemption of the Bonds pursuant to this Condition 6(c).

The Trustee and the Agents shall not be required to take any steps to monitor, verify, ascertain whether a Change of Control Event has occurred and shall not be responsible for or liable to Bondholders, the Issuer, the Subsidiary Guarantors or the Company for any loss arising from any failure to do so.

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;

Keepwell Deed

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

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