Bonds News
- Vanke plans to issue US$781.9m in bonds
Date: 31-Aug-2007 Sources: (Shenzhen Daily)
CHINA Vanke Co., the country's top domestically listed property developer, said Thursday it plans to issue up to 5.9 billion yuan (US$781.9 million) in corporate bonds to supplement working capital.
The timing and pricing of the offer, which would carry maturities between 3 and 7 years, have yet to be decided, the company said in a statement. Proceeds would be used to improve the structure of its debt and boost working capital, the company said.
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