Company representatives held meetings last week with selected holders of its yuan bond that matures on April 23, according to the people, who asked not to be identified as the matter is private. While Vanke has been working on a debt plan at the request of authorities for months, this was the first time it had disclosed these moves to those selected bondholders. Delaying payment on the April 23 bond would allow Vanke to again avoid that fate while awaiting guidance from regulators on the broader restructuring. Vanke didn’t reveal a timeline for the debt restructuring during at least one of the face-to-face meetings, the person said. But if market jitters dampen interest in the offering, Vanke could lose a crucial tool to bolster its finances.

Source: The Edge Markets March 26, 2026 07:08 UTC