China Vanke Co.’s bonds experienced a significant decline after its state-owned shareholder urged the developer to secure earlier loans with collateral.
This move effectively tightened financing terms for the company, coming at a challenging time as Vanke reported a deeper loss in the third quarter.
The combination of stricter loan conditions and worsening financial results has raised concerns among investors about the developer’s short-term liquidity and overall financial health.
https://www.bloomberg.com/news/articles/2025-11-03/vanke-bonds-plunge-as-biggest-backer-tightens-rescue-loan-terms
