Vanke Wins Backing for Bond Delay Plan, Easing Default Risk

China Vanke Co. won enough creditor backing to extend payments on a yuan bond due Thursday for a year, easing the embattled developer’s risk of an imminent default, at least...

By Charlie Zhu, Emma Dong, Jackie Cai · Bloomberg Markets

China Vanke Co. won enough creditor backing to extend payments on a yuan bond due Thursday for a year, easing the embattled developer’s risk of an imminent default, at least for now.