Wanda Commercial bonds trading at junk level despite AAA China rating

Shanghai

NEARLY two months after reports about Chinese regulators' scrutiny of the country's top dealmakers, the concerns have left a mark in the local bond market, where one of those companies is facing yields double the national average.

Yields on onshore securities without put or call options of Dalian Wanda Commercial Properties Co, which has an AAA rating onshore, are above 9 per cent, according to valuations compiled by …