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China Vanke awaits a bondholder vote on extending a 2 billion yuan repayment deadline, with a default possible if rejected.
China Vanke is awaiting a bondholder vote on whether to extend a 2 billion yuan bond repayment deadline by a year, with a decision due after markets close on December 22, 2025.
The company, which missed the December 15 maturity date, faces potential default if the vote fails, marking a critical moment in China’s ongoing property crisis.
A revised proposal offers interest payments and a 30-day grace period, following a prior rejection.
Credit ratings agencies have downgraded Vanke to “C,” warning of possible further deterioration.
The outcome could influence broader policy responses and signal how Beijing manages systemic risks in the real estate sector.
China Vanke espera una votación de los tenedores de bonos para extender el plazo de pago de 2 mil millones de yuanes, con un posible incumplimiento si es rechazado.