SHANGHAI (Reuters) -China Vanke’s onshore bonds fell on Friday to record lows, as concerns about the developer grew after it sought to delay an onshore bond repayment for the first time.
Yuan bond issued by China Vanke due in March 2027 slumped 22.5% shortly after the market opened, dropping to a record low of 31 per 100 par value and triggering a trading suspension by the Shenzhen Stock Exchange. Trading in its three other bonds were also suspended.
(Reporting by Shanghai Newsroom; Editing by Jacqueline Wong)