Group 1 - Vanke's bonds experienced a significant rebound on December 8, with six domestic bonds rising sharply, triggering temporary trading halts, with increases exceeding 36% for some bonds [1] - Despite the bond recovery, Vanke's stock price remains low, with Vanke A shares at 4.94 CNY per share, down 0.2%, and Vanke Enterprises at 3.56 HKD per share, down 0.28% [1] - Recent developments indicate that Vanke is progressing with bond extensions, having released a summary of proposals for the "22 Vanke MTN004" first bondholder meeting on December 5 [1] Group 2 - Proposal one suggests a 12-month extension for principal repayment, with the adjusted repayment date set for December 15, 2026, and no compound interest during the extension period [2] - Proposal two requires normal interest payment before the extension and additional credit enhancement measures, including guarantees from Shenzhen Metro Group or other acceptable Shenzhen state-owned enterprises [2] - Proposal three is similar to proposal two but requires only corresponding credit enhancement measures for the bond extension [2]
三份中票展期议案揭晓,多只万科债大涨36%