Mystery Vanke Bond Trade Unsettles Investors as Redemption Nears

A mysterious trade of a China Vanke Co. bond at a deep discount briefly jolted credit markets just two days before the distressed developer’s anticipated move to redeem the note,...

By Jackie Cai · Bloomberg Markets

A mysterious trade of a China Vanke Co. bond at a deep discount briefly jolted credit markets just two days before the distressed developer’s anticipated move to redeem the note, in another reminder of the fragile mood among investors.