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<CN Home>CHINA VANKE Reportedly Plans to Extend Domestic Bond Grace Period to 90 Days
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CHINA VANKE (02202.HK) sought an extension plan for its domestic bond '22 Vanke MTN004' again, foreign media quoted sources as saying. Last night (12th), CHINA VANKE also sent a draft proposal to bondholders, which includes pledging receivables from three project companies as a credit enhancement measure, while proposing to extend the grace period to 90 trading days (until 29 April). CHINA VANKE submitted two proposals, according to sources. One involves extending the principal repayment period by one year while paying interest within the current grace period (28 January), along with pledging receivables from three project companies as credit enhancement collateral. Another option is to extend the grace period to 90 trading days, postponing it to 29 April 2026. AASTOCKS Financial News Website: www.aastocks.com |
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