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<CN Home>CHINA VANKE Reportedly Tells Some Creditors Enough Cash Prepared to Repay Bonds Due This Mth
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CHINA VANKE (02202.HK) told some of its creditors that it has enough cash set aside to repay its 2.95% RMB bonds due on January 27, Bloomberg reported, citing sources. The bonds, which have RMB3 billion outstanding, last traded RMB98.4 Wednesday (15th), implying investors are confident the bonds will be repaid. It is not yet clear when or whether the Chinese developer will remit funds to repay the January 27 note, sources divulged. Separately, a batch of 3.45% RMB bonds due in May of CHINA VANKE was priced RMB73 today (17th). The company has US$4.9 billion of bonds maturing or facing redemption options this year, which is the highest annual amount in the company's record and the most among Chinese developers this year, report revealed. AAStocks Financial News |
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