China Vanke Co., Ltd. said holders approved a proposal to adjust repayment terms
for its “23 Vanke MTN001” note.
Under the plan, 40% of principal will be repaid at maturity, while the remaining
60% will be extended by one year to Apr 23, 2027. The extended portion will
continue to carry a coupon of 3.11%, with credit enhancement measures to be
provided.