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China's Wanda Group unit raises $300m in 2nd dollar bond issue

Deal follows $400m fundraising last month, in rare good news for property sector

A commercial property Wanda Group opened in 2021. (Photo by Shin Watanabe)

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.

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