A unit of Chinese conglomerate Dalian Wanda Group Co. proposed to extend the maturity date of a dollar bond by 11 months to Dec. 29, 2024, according to a statement to Hong Kong stock exchange.
Wanda Properties International Co., the issuer of the 7.25% note, is also inviting holders to agree on other amendments to terms, including adding mandatory partial redemptions of the security in January, May and September 2024.
A bondholder meeting will be held on Dec. 13 at Linklaters’s office in Hong Kong.
