China Vanke Bonds Extend Rally on Sweetened Extension Proposals
China Vanke Co.’s bonds extended their rally, a day after the distressed developer unveiled sweetened proposals to extend payments on some notes, potentially easing the risk of an imminent default.
By Jackie Cai, Emma Dong, Qingqi She, Trista Xinyi Luo, Pearl Liu · Bloomberg Markets
China Vanke Co.’s bonds extended their rally, a day after the distressed developer unveiled sweetened proposals to extend payments on some notes, potentially easing the risk of an imminent default.