Wanda Bond plunges Into Distress

The video discusses the financial challenges faced by Wanda, focusing on the sell-off of its bonds and the spreading financial distress. It highlights the company's denial of mass layoffs despite market concerns and the impact on the high-yield debt sector. The turbulence in China's high-yield debt market is emphasized, with Wanda being a key player in recent market developments.

What is the main issue with Wanda's bond that is due soon?

• It has increased in value.

• It is spreading from long-term to near-term bonds.

• It is holding steady at $0.90.

• It is due in two years.

How did Wanda respond to the reports of mass layoffs?

• They announced a hiring spree.

• They denied planning any layoffs.

• They confirmed the reports.

• They ignored the reports.

What is the broader concern among investors regarding Wanda?

• Wanda is considered a low-quality name.

• Wanda is not as good as previously thought.

• Wanda is outperforming other companies.

• Wanda has no debt issues.

What impact has Wanda's situation had on the primary market?

• It has improved access for other developers.

• It has had no impact.

• It has further restrained access to the offshore market.

• It has increased bond values.

What is the significance of Wanda's recent bond issuance?

• It was a government-backed bond.

• It was the only property-related name to access the primary market offshore this year.

• It was the largest bond issuance in history.

• It was issued at a value of $0.90.