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 Warns of $1.7bn H1 Loss
July 15, 2025
China Vanke warned that its 1H2025 loss may reach $1.67bn led by a significant decline in the scale of its project settlements, with gross profit margins remaining low. As per a filing, it reported a preliminary net loss of RMB 10-12bn ($1.4-1.7bn) vs. a net loss of RMB 9.85bn ($1.4bn) a year ago. Revenues stood at RMB 69.1bn ($9.6bn). This underscores the underlying weakness in China’s property sector where monthly sales for the top 100 developers fell by 23% YoY in June, its worst drop in nine months. Vanke had secured RMB 24.9bn ($3.5bn) in new financing and refinancing in the first half of this year, helping repay local public debt. On the positive side, the developer does not have any dollar debt maturing until 2027.
Vanke’s dollar bonds were trading stable with its 3.5% 2029s, at 72.6 cents on the dollar, yielding 11.8%.
For more details, click here
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.