Vanke waives bond redemption, terminates credit ratings

Vanke Co., Ltd. announced its decision to waive the redemption option for its "21 Vanke 02" corporate bonds, allowing them to continue until maturity in 2028 at an unchanged interest rate of 3.98%. Bondholders have the option to resell their bonds at a price of 100 yuan per unit during the registration period from December 9 to December 15, 2025. The payout, including interest, for repurchased bonds will be on January 22, 2026.

Simultaneously, Vanke has terminated its credit ratings for both the company and several bond issues, including "21 Vanke 02", with China Chengxin International Credit Rating Co., Ltd. and Lianhe Credit Rating Co., Ltd. The decision, driven by the company's internal needs, follows stable AAA ratings from both agencies. Vanke asserts that this termination will not materially impact its operations, financial condition, or debt repayment capabilities.