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China Vanke Co ( (HK:2202) ) has issued an announcement.
China Vanke Co., Ltd. has announced arrangements for the repayment of principal and interest during the grace period for its 2022 fourth-tranche medium-term notes, known as 22 Vanke MTN004. The notes, with a total issue amount and outstanding debt balance of RMB 2 billion, were issued for a three-year term starting 15 December 2022, and the company is taking steps to ensure the smooth progress of interest payments and redemption within the designated grace period, signaling attention to its debt-servicing obligations and creditor relations.
The most recent analyst rating on (HK:2202) stock is a Sell with a HK$3.50 price target. To see the full list of analyst forecasts on China Vanke Co stock, see the HK:2202 Stock Forecast page.
More about China Vanke Co
China Vanke Co., Ltd. is a major Chinese real estate developer, primarily engaged in residential property development and related services, with its shares listed in Hong Kong. The company issues onshore debt instruments, including medium-term notes, as part of its capital-raising strategy in the domestic bond market.
Average Trading Volume: 54,771,558
Technical Sentiment Signal: Sell
Current Market Cap: HK$60.54B
Learn more about 2202 stock on TipRanks’ Stock Analysis page.