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CHINA VANKE (02202.HK) Has Readied Funds to Repay RMB1.45B Notes Due This Mth - Report
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Citing sources, Bloomberg reported that CHINA VANKE (02202.HK) has prepared funds to repay RMB1.45 billion worth of notes due on 25 May. The note is trading at RMB97.6, indicating investors' confidence in the issuer's ability to repay its debt at maturity. It is learnt that VANKE has another offshore bond maturing this year. The US$600 million-sized bond would mature on 7 June, and is now trading at USD96.9 cents. However, the group's long-term USD-denominated bonds maturing in 2028 and 2029 are still trading below USD60 cents, a level normally considered for non-performing bonds. AAStocks Financial News |
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