Vanke redeems "20 Vanke 08" bonds, announces delisting

Vanke Enterprise Co., Ltd. has announced the redemption and delisting of its "20 Vanke 08" corporate bonds. The redemption registration date was November 12, 2025, with funds expected to be credited on November 13, 2025. The company will redeem the bonds at RMB 104.11 per bond, which includes the current period's interest. The total redemption amount for the principal is RMB 160,000 million, with an additional RMB 6,576 million for interest.

The company has confirmed a 100% redemption ratio for the bonds. Following the completion of the redemption, the "20 Vanke 08" bonds are scheduled to be delisted from the market on November 13, 2025. Vanke has stated that this redemption will not have a substantial adverse impact on the company.

The "20 Vanke 08" bonds were issued by Vanke Enterprise Co., Ltd. in 2020 as part of its fourth-period corporate bonds (Type Two). The bonds had a seven-year term, with an issuer’s redemption option at the end of the fifth year. The current coupon rate is 4.11%, and the bonds have an outstanding balance of RMB 1.6 billion.