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VANKE (02202.HK) Reportedly Seeks to Extend Maturity of RMB Bonds Due This Month to Avoid Default
According to Bloomberg citing sources, VANKE (02202.HK) has informed certain bondholders that it is seeking to extend the maturity of RMB-denominated bonds due this month and has p...
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VANKE (02202.HK) Reportedly Seeks to Extend Maturity of RMB Bonds Due This Month to Avoid Default
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According to Bloomberg citing sources, VANKE (02202.HK)  +0.010 (+0.344%)    Short selling $7.94M; Ratio 19.310%   has informed certain bondholders that it is seeking to extend the maturity of RMB-denominated bonds due this month and has proposed early repayment of 40% of the principal to avoid default.

The outstanding bonds have a size of RMB2 billion and were originally due on April 23. VANKE is reportedly considering offering the same terms as three previous bonds that were extended by one year, but the proposal requires support from more than 90% of bondholders to take effect. The company is expected to meet creditors on April 17 to discuss the extension plan. (mn/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-10 16:25.)

Related NewsG Sachs Cuts CHINA VANKE (02202.HK) TP to HKD3, Maintains Sell



This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

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