China Vanke (HKG:2202, SHE:000002) has made delayed interest payments on onshore private debt that it previously missed, Bloomberg News reported Wednesday, citing people familiar with the matter.
According to the report, the payments, covering loans and other private debt from late September, followed talks with major Chinese lenders and insurers earlier in the month to lower borrowing costs on debt totaling tens of billions of yuan.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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