Vanke to redeem "22 Vanke 03" corporate bonds

China Vanke (SZSE:000002) announced it will fully redeem its "22 Vanke 03" corporate bonds. The redemption, detailed in a second reminder announcement, will occur on June 6, 2025, at a price of CNY 102.90 per bond, inclusive of current interest and applicable taxes. The bonds, with a total outstanding value of CNY 350 million, carry a current coupon rate of 2.90%. The redemption applies to all bondholders registered as of June 5, 2025. Trading of the bonds will cease on June 5, 2025, with delisting scheduled for June 6, 2025. The company has also completed the redemption of its "20 Vanke 04" bonds, involving a total redemption amount of CNY 1,500,000,000 and interest payment of CNY 51,750,000, with delisting to take place on May 19, 2025.