Core Viewpoint - Vanke's fifth medium-term note (22 Vanke MTN005) has extended its grace period for principal and interest repayment from 5 working days to 30 trading days, following the approval of the relevant proposal by bondholders [2][4]. Group 1: Bondholder Meeting Outcomes - The bondholder meeting for 22 Vanke MTN005 included six proposals, of which only the proposal to extend the grace period was approved, while the other five proposals were rejected [2][4]. - The total outstanding balance of the 22 Vanke MTN005 bond is 3.7 billion yuan, with an interest rate of 3% for the current interest period, and the principal repayment date is set for December 28, 2025 [3][4]. - Among the rejected proposals, proposal 4 received approximately 71.35% support and proposal 5 received about 73.77% support, but neither reached the 90% threshold required for approval [4]. Group 2: Company Commitments - Vanke has committed to ensuring that the repayment order for the extended grace period will not be inferior to that of any subsequent maturing bonds, meaning no payments will be made on later maturing bonds until the principal and interest of the current medium-term note are fully paid [5]. - The company has expressed its intention to engage in open communication and collaboration with all parties to seek solutions for the current bond issues, aiming to protect the long-term interests of all stakeholders [5]. Group 3: Previous Bond Extensions - Previously, Vanke's other bond (20 billion yuan) also had its grace period extended to 30 trading days, indicating a trend in the company's approach to managing its bond obligations [6].
宽限期延长!万科新消息