This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
Vanke Remits Funds for June Dollar Bond
June 6, 2024
China Vanke has remitted $612.6mn to the overseas bank account of its offshore unit to repay its maturing dollar note, according to an exchange filing. The notes in question are its 4.2% 2024s maturing on June 7. In early March, there were concerns that the notes might not be paid due to reports suggesting that the developer was facing debt struggles and was in negotiations with lenders to delay payments. However, ever since then, the company has repaid its dollar bond that matured in March, besides also readying funds in time for the notes maturing tomorrow.
Vanke’s 4.2% 2024s are trading at near par.
Go back to Latest bond Market News
Related Posts:
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.