Wanda Raises $314 Million From Asset Sale

The transcript discusses the improved likelihood of a payment being made by Wanda, which was previously short $200 million on a $400 million bond due. The situation has improved with a $314 million deal, but the timing of cash flow remains crucial. The discussion also touches on the impact on the high yield market, which saw a significant drop last week, and upcoming restructuring hearings in Hong Kong and the Cayman Islands.

What was the initial shortfall Wanda faced for the bond payment?

• $100 million

• $200 million

• $300 million

• $400 million

What is the main factor affecting the timing of Wanda's payment to creditors?

• Interest rates

• Market demand

• Cash inflow from asset sales

• Government regulations

How did the China high yield market perform last week?

• It increased by 3 1/4%

• It remained stable

• It decreased by 3 1/4%

• It increased by 5%

What is the significance of resolving Wanda's financial issue?

• It eliminates a major hurdle in the high yield market

• It increases government intervention

• It boosts global economic growth

• It decreases market volatility

Where are the Evergreens restructuring hearings taking place?

• Shanghai and Singapore

• Hong Kong and the Cayman Islands

• Tokyo and Sydney

• New York and London