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CHINA VANKE Reportedly Pays Previously Outstanding Domestic Bond Interest
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CHINA VANKE (02202.HK) has paid the previously outstanding domestic bond interest, which may ease tensions with creditors, Bloomberg quoted sources as saying. It is reported that CHINA VANKE repaid interest on private bonds, including loans, in late September. Before paying these interests, CHINA VANKE negotiated with major domestic creditors earlier in September to cut the cost of private debt amounting to tens of billions of RMB. CHINA VANKE also received approval from some creditors, including banks and insurers, meanwhile reducing interest rates. AASTOCKS Financial News Website: www.aastocks.com |
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