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’s Dollar Bonds Dip Amid Drop in Earnings and Sales
October 30, 2023
China Vanke’s dollar bonds continued to drop and were among the biggest losers last week, down over 8% across the curve. Vanke reported a drop in its Q3 profits to RMB 3.75bn ($510mn) vs. RMB 4.84bn ($660mn) during the same period last year, a 23% drop. It also reported a 32% drop in revenues. Besides, the continued weakening in contracted sales for the company and the entire sector are said to be weighing on its bonds.
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.