SYDNEY/HONG KONG (Reuters) -- A unit of China's largest commercial property developer Wanda Group has raised $300 million in its second U.S. dollar bond issue in one month, a rare bit of good news for the sector as it struggles to emerge from a bruising debt crisis.
Investors have been staying away from the China's high-yield bond market since many debt-laden developers defaulted and extended their payments over the past year.
