Wanda Properties Global Co. Limited (Keepwell: Dalian Wanda Commercial Management Group Co., Ltd.)
Indicative
Full Lot
Indicative price as of 13 Feb 2026, 12:00am
Bond Issuer
Wanda Properties Global Co. Limited (Keepwell: Dalian Wanda Commercial Management Group Co., Ltd.)
Guarantor
Parent & Subsidiaries
Announcement Date
06 Feb 2023
Issue Date
13 Feb 2023
Maturity Date
13 Feb 2026
Years to Maturity / Next Call
- / -
Modified Duration
-
Issue / Reoffer Price
96.639
Issue / Reoffer Yield
12.375
Coupon Type
Fixed
Annual Coupon Rate
11.000
Coupon Frequency
Semi Annually
Seniority
Senior Unsecured
Reference Rate
-
ISIN
XS2586129574
CUSIP
ZM8806055
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)
***/ C
Shariah Compliant
No
Exchange Listed
SGX
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, at 101 per cent. of their principal amount, together with accrued and unpaid interest to (but excluding) the date of such redemption, as further described in Condition 6(c) of the Terms and Conditions of the Bonds.
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 ceases 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; and
‘‘Permitted Persons’’ means any or all of the following: (i) any estate, spouse or any person cohabiting as a spouse, child or step-child, parent or step-parent, brother, sister, step-brother or step-sister, parent in law, grandchild, grandparent, uncle, aunt, nephew or niece of Mr. Wang Jianlin, or (ii) any legal representative of any of the foregoing (including Mr. Wang Jianlin) (including, for purposes of this definition, any trust for which Mr. Wang Jianlin or any such other person specified in clause (i) is a settlor or a beneficiary). References to ‘‘principal’’ in these Conditions shall, unless the context otherwise requires, include the premium referred to in this Condition 6(c).
