trending Market Intelligence /marketintelligence/en/news-insights/trending/KkjUpRlX-rFTy-_KPsk4zw2 content esgSubNav
In This List

Dalian Wanda Commercial completes 12B yuan medium-term notes offering


Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise


FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Dalian Wanda Commercial completes 12B yuan medium-term notes offering

raised 12 billion Chinese yuan by completing the issuance of two of medium-term notes.

Eachtranche is worth 6 billion yuan and carries a five-year maturity, according toa filing.

Thefirst tranche has an interest rate of 3.70%. Agricultural Bank of China acts asthe lead underwriter and book runner. Industrial Bank Co. Ltd. is the jointlead underwriter.

Thesecond tranche, which was earlier shelvedin April, has an interest rate of 4.0%. China CITIC Bank is the leadunderwriter and book runner, while China Merchants Bank is the joint leadunderwriter.

Aspreviously disclosed, the company said that it plans to use proceeds from theoffering to fund projects in China, specifically the Wuhan Central CulturalZone project in Hubei province and two Wanda City projects in Harbin andNanchang.

As of May 3, US$1 wasequivalent to 6.49 Chinese yuan.