Vanke Shareholder to Offer 3.3 Billion Yuan Loan

MT Newswires Live

04/30

China Vanke (HKG:2202, SHE:000002) shareholder Shenzhen Metro plans to offer a 3.3 billion yuan loan to the property company, according to a Wednesday filing with the Shenzhen bourse.

The loan will have a 36-month term and an interest rate of 76 basis points lower than the one-year loan prime rate published by the National Interbank Funding Center on the business day prior to each loan withdrawal, currently at 2.34%, the filing said.

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