China Vanke to Redeem Portion of Onshore Bonds for Extended Maturity

MT Newswires Live

07/01

China Vanke (HKG:2202, SHE:000002) said it would redeem about 40% of its 3.07% bonds due July 7 at maturity, according to a Hong Kong bourse filing Tuesday.

The firm has 2 billion yuan of the on-shore notes outstanding and is redeeming a portion of the debt in exchange for extending the maturity on the remaining bonds by one year to July 7, 2027.

The firm had offered the same arrangement to holders of other notes.

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