Vanke Buys Time in Debt Crisis as More Bondholders Accept Delays

China Vanke Co. won more breathing room as it prepares what would be one of the country’s biggest-ever restructurings, after holders of two yuan bonds accepted the developer’s plan to...

By Emma Dong, Yuling Yang · Bloomberg Markets

China Vanke Co. won more breathing room as it prepares what would be one of the country’s biggest-ever restructurings, after holders of two yuan bonds accepted the developer’s plan to delay the bulk of those payments by a year.