Vanke to redeem "20 Vanke 06" corporate bonds

China Vanke (SZSE:000002) announced its decision to redeem all of its "20 Vanke 06" corporate bonds. This move exercises the issuer's redemption option, as detailed in the bond's original offering documents. The redemption will apply to all bondholders registered on June 18, 2025. Bondholders will receive CNY 103.90 per bond, which includes accrued interest and associated taxes. The funds are scheduled to be credited to investors' accounts on June 19, 2025, which is also the delisting date for the bonds. The "20 Vanke 06" bonds, with a code of 149142, have an outstanding balance of CNY 1.2 billion and a current coupon rate of 3.90%. China Securities Depository and Clearing Corporation Shenzhen Branch will handle the bond redemption. Simultaneously, Vanke also announced it would fully redeem all of its "22 Vanke 03" corporate bonds, code 149930, with redemption registration date on June 5th and funds to be credited on June 6th.