Vanke to redeem "20 Vanke 04" bonds in May

China Vanke (SZSE:000002) will redeem all of its "20 Vanke 04" corporate bonds, according to an announcement released April 30, 2025. Bondholders of record as of May 16, 2025, will receive CNY 103.45 per CNY 100 face value, inclusive of current interest, on May 19, 2025. The redemption applies to the entire outstanding amount of the bonds. The bonds, with code 149124, carry a current coupon rate of 3.45%. The company will appoint China Securities Depository and Clearing Corporation Shenzhen Branch to handle the redemption process. The move is in accordance with the bond's original terms, which included a 5-year issuer redemption option.