Vanke to redeem "20 Vanke 02" corporate bonds

China Vanke (SZSE:000002) announced it will exercise its issuer redemption option for the "20 Vanke 02" corporate bonds. The redemption will occur on March 17, 2025, for bondholders registered as of March 14, 2025. The redemption price is set at RMB 103.42 per RMB 100 face value, inclusive of current interest, representing a full redemption of the outstanding bonds. The bonds will be delisted on the same day. The current coupon rate for these bonds is 3.42%. China Securities Depository and Clearing Corporation Limited Shenzhen Branch will handle bond registration, interest payment, and repayment matters.