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 is the main concern regarding the timing of cash flow to creditors?

• How quickly cash can be obtained

• The amount of cash needed

• The type of creditors involved

• The interest rates on loans

How did the China high yield perform last week according to the Bloomberg Index?

• It increased by 3.25%

• It decreased by 3.25%

• It remained stable

• It fluctuated wildly