Xin Lang Cai Jing·2025-12-16 15:44Core Viewpoint - Vanke has proposed to extend the principal repayment date of the fourth phase of its 2022 medium-term notes by 12 months to December 15, 2026 [1] Group 1: Financial Details - The interest payable of 60 million RMB due on December 15, 2025, will be paid within a grace period, specifically by December 22, 2025 [1] - Unpaid principal during the grace period will accrue interest at a rate of 3.00%, while unpaid interest will not accrue additional interest [1] - The coupon rate during the extension period (from December 15, 2025, to December 15, 2026) will remain unchanged at 3.00%, with any additional interest to be paid alongside the principal repayment [1] Group 2: Credit Enhancement - The extension of the medium-term notes will be supported by corresponding credit enhancement measures provided by the issuer [1]