China Vanke
Vanke sweetens bond extension proposal to avert debt default
The developer is also seeking to extend repayment grace period to 30 days
China Vanke faces reality check as bond extension talks drag on
Financial institutions including banks have in general become less patient with struggling developers
China developer Vanke plans second bondholders’ meeting to avoid onshore default
The bond tranche is due on Monday and has a five-business-day grace period
China Vanke bondholders reject payment extension, raising default risk
The rejection grants the developer 5 business days to pay the 2 billion yuan on the onshore bond
China Vanke seeks a one-year extension on second bond of 3.7 billion yuan
The request comes as the firm scrambles to secure enough creditor support for a plan to delay payment on a 2 billion yuan bond
China Vanke aims to avoid default as bondholder vote begins
The company needs approval from holders of at least 90% of the amount owed
Several Vanke bondholders signal they will oppose extension plan: sources
The extension will give Vanke some breathing room before it considers a broader restructuring
China Vanke asks for 12 months to pay bond under extension plan
The 3% coupon would remain unchanged during the extension period
China tells stats providers to halt home sales data publication
Information is an important gauge of the new-home market as it is published 2 or 3 weeks before official data
China’s private data on home sales vanishes after Vanke turmoil
Global banks remain pessimistic on China’s property market, which has faced renewed sales weakness since the second quarter
