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<CN Home>Vanke Intends to Extend 60% of Principal Repayment of '23 Vanke MTN001' by 1 Yr
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BANKCOMM (03328.HK), as a convenor, has issued an announcement on a proposal for the first holders' meeting in 2026 for the first tranche of CHINA VANKE (02202.HK)'s 2023 medium-term notes abbreviated as "23 Vanke MTN001", according to Chinese media reports. As indicated by the announcement, the proposal, if approved, will allow the issuer to repay 40% of the principal of the current medium-term notes on the bond's maturity date, while extending the repayment of the remaining 60% by one year to a new maturity date of April 23, 2027. In other words, the issuer will have to pay RMB62.2 million in interest due on the maturity date of the notes under the proposal. The outstanding balance of the "23 Vanke MTN001" amounts to RMB2 billion. Auto-translated by AI AASTOCKS Financial News |
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