Asia SLOWS but HERE is Where It Could Be HUGE

China’s Latest Credit Scare Sends Wanda Dollar Debt Tumbling Conglomerate may have to make $1.9 billion of payments in 2023 Price slump Friday sends Wanda dollar bond yields above 35%. Dalian Wanda Group Co. has become the latest source of angst in China’s credit market, with dollar bonds of billionaire Wang Jianlin’s conglomerate sinking to distressed levels just months after they were issued. This week’s plunge occurred as investors brace for a potential surge in cash outlays by the group. Wanda and its units could face the equivalent of $1.9 billion in principal and interest payments on loans and public bonds, including put options, the rest of this year, according to data compiled by Bloomberg.

TOPICS AND TIMESTAMPS:
China and India 0:00

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