“230k科MTN001” busca prórroga, saldo de la emisión 230k de yuanes

Cailian Press 3 de abril (reportero Wang Haichun) Another bond from Vanke is seeking an extension.

According to information released by the Shanghai Clearing House on the evening of April 3, Vanke Enterprise Co., Ltd. 2023 First Tranche Medium-Term Notes 2026 First Holders’ Meeting is planned to be held on April 17.

Regarding the background for convening this meeting, the announcement clearly states that, to steadily and prudently advance the principal and interest repayment work for this tranche of bonds, a bondholders’ meeting will be specifically convened to deliberate on matters related to the extension of this bond.

Basic information on “23 Vanke MTN001” shows that the bond principal repayment date is April 23, 2026, the outstanding balance of the debt is 2 billion yuan, and the interest rate for this interest period is 3.11%.

The announcement shows that bondholders who individually or jointly hold more than 10% of the outstanding balance of the debt financing instruments for the same period may, before 23:59 on April 10, 2026, submit supplementary proposals to the convenor through the continuing period service system or in other written forms.

The bond record date for this meeting is April 16, and the meeting time is April 17. According to the voting procedures, bondholders should submit their voting notices via the continuing period service system before 17:00 on April 20, 2026, or send the voting notices to the convenor.

A few days before the above information was published, Vanke just released its 2025 annual report.

The annual report shows that, with strong support from various parties and major shareholders, Vanke Group has steadily advanced its reform and risk mitigation work, doing everything possible to resolve debt risk and ensure stable production and operations. In 2025, Vanke achieved sales revenue of 134.0 billion yuan, and its operating service-category business achieved steady operations, with total revenue across the board of 58.01 billion yuan.

During the reporting period, Vanke continued to carry out bulk transactions, completing 31 project transactions with a signing amount of 11.3 billion yuan; activating and optimizing existing resources added and optimized production capacity totaling 33.8 billion yuan; and successfully exited the snow-and-ice business segment, achieving the group’s strategic convergence and focus as well as business portfolio optimization.

On the financing side, Vanke actively sought support from various financial institutions. In 2025, new financing and refinancing totaled 28.0 billion yuan (excluding shareholders’ borrowings). The overall cost of existing financing is 3.02%, down 85 basis points from the end of last year. The major shareholder, Shenzhen Metro Group (Shenzhen Metro Group), provided support through market-oriented and rule-of-law approaches; as of the date of disclosure of this report, it has cumulatively provided shareholder loans of 33.52 billion yuan.

At the same time, Vanke is also pushing work to reduce costs and improve efficiency, systematically compressing various expense outlays. Development business management expenses have achieved a continuous decline for two consecutive years, and the platform costs or administrative expenditures for the long-lease apartment, commercial and logistics warehousing businesses have also decreased respectively.

Public information shows that, since November 2025, the company has successively launched extension negotiation procedures for the two medium-term notes “22 Vanke MTN004” and “22 Vanke MTN005,” as well as a corporate bond “H1 Vanke 02” (original “21 Vanke 02”). At present, the extension proposals have already been voted through by the bondholders’ meeting.

“Looking to the future, the company will continue to spare no effort to promote business improvement. Through measures such as strategic focus, standardized operations, and technology empowerment, we will drive optimization of business layout and structural adjustments, and improve development and operating capabilities across multiple scenarios. The company’s leadership and all employees will work together with one mind and purpose, resolve risks in an orderly manner, get out of the predicament, and push the company to emerge from the low point as soon as possible.” Vanke said.