Vanke Buys Time in Crisis With $417 Million of Bond Payments

The price China Vanke Co. must pay to avoid imminent default and get more time to work on a plan for one of the country’s biggest ever restructurings is now...

By Jackie Cai, Emma Dong · Bloomberg

The price China Vanke Co. must pay to avoid imminent default and get more time to work on a plan for one of the country’s biggest ever restructurings is now clear: 2.9 billion yuan ($417 million).