Wanda to raise $2.3b from lo­cal bond sales

China Daily (Canada) - - BUSINESS -

DalianWanda Com­mer­cial Prop­er­ties Co, China’s big­gest com­mer­cial devel­oper, is seek­ing to sell as much as 15 bil­lion yuan ($2.3 bil­lion) worth of lo­cal bonds as the weak­en­ing cur­rency boosts bor­row­ing costs over­seas, ac­cord­ing to well-placed sources. It plans to of­fer the first batch of 5 bil­lion yuan with a ma­tu­rity of five years as early as this month.

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