As reported by Bpaynews, China Vanke's 2027 onshore yuan bond plunged 22.5% at the open to 31 per 100 of par on November 28, triggering an automatic trading halt in Shenzhen. The selloff followed Vanke's first-ever request to delay repayment on an onshore note, signaling deteriorating liquidity and eroding confidence in the real estate sector. Three other onshore bonds were also suspended. The move highlights broader stress in China's property credit market and raises fears of contagion to the yuan and risk assets.
China Vanke's Onshore Bonds Plunge 22.5% After Repayment Delay Request
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