（文章来源：每日经济新闻） 每经AI快讯，12月23日，万科债多数下跌，"21万科06"跌超11%，"21万科02"跌超5%，"23万科01"跌超 4%；"22万科06"涨超3%。 ...

每经AI快讯，12月17日，万科债普遍上涨，"23万科01"涨超7%，"22万科02"涨超3%，"21万科06"涨超 2%。 （文章来源：每日经济新闻） ...

万科债务展期迎来关键节点。12月15日是万科"22万科MTN004"的本息兑付日，但是三种债务展期方案 均未获得通过，导致该笔票据正式进入为期5个工作日的"宽限期"。 其中，议案一是调整中期票据本息兑付安排的议案，0票同意；议案二是追加投资人可接受的增信措 施、有条件调整中期票据本息兑付安排的议案，获得了83.4%的支持率，但是距离90%的生效门槛还差 6.6个百分点；议案三是调整中期票据本息兑付安排、追加增信措施的议案，支持率仅18.95%。 目前，万科已公告将于12月18日召开第二次持有人会议，与债权人展开新一轮谈判。这场博弈不仅关乎 单笔债券的兑付，更被视为万科化债进程乃至房地产行业风险出清方向的标志性事件。 对于表决结果，万科于12月15日答复称，公司已知晓本次债券持有人会议的表决结果，并就展期相关事 宜给各相关方带来的影响深表歉意。公司将与各方坦诚沟通协商，研究完善举措，继续寻求本期债券解 决方案，维护各方长远共同利益。 首轮表决未果，核心议案仍差"临门一脚" 虽然三项展期议案均未获通过，但万科并未立即构成违约。根据《万科企业股份有限公司2022年度第四 期中期票据募集说明书》中关于违约事件的约定， ...

交易所债券市场收盘，万科境内债普遍上涨，"23万科01"、"21万科04"、"22万科02"和"22万科04"涨超 17%，"22万科06"和"21万科06"涨超14%，"21万科02"涨超7%。 ...

格隆汇12月16日｜"22万科04"涨超12%，"23万科01"涨超10%，"22万科02"涨超8%，"22万科06"涨近 7%，"21万科06"涨超6%，"21万科02"涨超4%。 ...

交易所债券市场收盘，万科境内债多数下跌。"21万科02"跌超17%，"21万科06"跌超5%，"23万科 01""21万科04"跌超4%，"22万科02"跌超1%，"22万科04"跌0.93%；"22万科06"涨超2%。此外，"24产 融08"涨超6%，"23产融K1"涨1.94%，"22龙湖02"涨1.91%。地方债方面，"23安徽债78""23山西债31"涨 超9%，"21内蒙16""23陕西债30"涨超4%；"23广西债25"跌超6%，"22贵州债25""24河北债53""20江西 24"跌超5%。特别国债方面，"24特国01"跌0.43%，"24特国02"跌0.28%，"24特国03"跌0.43%，"24特国 04"跌0.48%，"特国2401"跌0.65%，"特国2402"涨0.11%，"特国2403"跌0.37%，"特国2404"涨0.99%。 ...

每经AI快讯，12月11日，交易所债券市场收盘，万科境内债普遍下跌。"21万科06"跌超18%，"21万科 04""23万科01"跌超14%，"22万科02"跌超13%，"21万科02"跌超12%，"22万科04"跌超11%，"22万科 06"跌超10%。 ...

Core Viewpoint - The bond market for Vanke has experienced a significant decline, particularly in its domestic bonds, indicating potential concerns regarding the company's financial health and market perception [1] Group 1: Vanke Bonds Performance - "21 Vanke 06" bond dropped over 18% [1] - "21 Vanke 04" and "23 Vanke 01" bonds fell over 14% [1] - "22 Vanke 02" and "21 Vanke 02" bonds decreased over 13% [1] - "22 Vanke 04" bond declined over 11% [1] - "22 Vanke 06" bond fell over 10% [1] Group 2: Local Government Bonds Performance - "22 Beijing Bond 43" increased over 11% [1] - "21 Guizhou Bond 23" rose over 8% [1] - "23 Dalian Bond 11" and "25 Guizhou Bond 23" both increased over 1% [1] - "22 Anhui Bond 21" decreased over 5% [1] - "22 Chongqing Bond 12" and "25 Chongqing Bond 34" both fell over 4% [1] Group 3: Special Government Bonds Performance - "24 Special National Bond 01" increased by 0.57% [1] - "24 Special National Bond 02" rose by 0.34% [1] - "24 Special National Bond 03" increased by 0.84% [1] - "24 Special National Bond 04" rose by 0.53% [1] - "Special National Bond 2401" increased by 0.66% [1] - "Special National Bond 2402" decreased by 0.24% [1] - "Special National Bond 2403" increased by 0.95% [1] - "Special National Bond 2404" had no transactions [1]

Core Viewpoint - Vanke's stock and bond markets experienced significant upward movement following the announcement of new proposals for the adjustment of bond repayment arrangements, indicating a potential shift in investor sentiment and market confidence in the company [1][2]. Group 1: Stock and Bond Market Reaction - Vanke's Hong Kong shares surged over 15%, while A-shares reached the daily limit, reflecting strong market interest [1] - The bond market also saw substantial gains, with several bonds, including "23 Vanke 01," "21 Vanke 06," and "21 Vanke 04," rising over 30%, leading to multiple trading halts [1] Group 2: Bond Repayment Proposals - Vanke held a meeting to discuss the adjustment of the repayment arrangements for its 2022 fourth phase medium-term notes, introducing two new proposals beyond market expectations [1] - Proposal one involves a 12-month extension for interest payments accrued before the extension, while proposal two allows for normal interest payments with additional credit enhancement measures [1] - Proposal three mirrors proposal two but requires corresponding credit enhancement measures only for the extended bonds [1] Group 3: Debt Obligations and Financial Pressure - The specific bond under discussion is "22 Vanke MTN004," with a balance of 2 billion and a coupon rate of 3.00%, now due for repayment on December 15, 2026 [2] - Vanke has another bond, "22 Vanke MTN005," with a balance of 3.7 billion due on December 28, 2023, indicating ongoing refinancing needs [2] - Vanke faces significant debt repayment pressure, with an estimated 15.546 billion in domestic bond principal and interest due between November 2025 and June 2026, alongside approximately 30 million in dollar bond interest [2] Group 4: Financial Performance - For the first three quarters of 2025, Vanke reported revenue of 161.388 billion and a net loss of 28.016 billion, with a notable decline in third-quarter revenue by 27.3% year-on-year [3] - The net loss for the third quarter was 16.07 billion, a staggering 98.61% decrease compared to the previous year [3] - As of the end of September, Vanke had cash reserves of 65.68 billion against total interest-bearing liabilities of 362.93 billion, highlighting a challenging liquidity position [3]

格隆汇12月11日｜深交所公告，"21万科06"(149568)盘中成交价较前收盘价首次下跌达到或超过20%， 根据《深圳证券交易所债券交易规则》和《关于对债券匹配成交实施盘中临时停牌有关事项的通知》等 有关规定，本所自今日10时38分19秒起对该债券实施临时停牌，于11时08分20秒复牌。 ...