Wanda bonds with ‘AAA China rating’ trade like they're junk

Giant Chinese retailer Suning Commerce Group Co Ltd, the owner of Italian soccer club Inter Milan, saw its shares tumble yesterday after China

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%, according to valuations compiled by Chinabond.