Vanke, China and Secures Cheap Loan

China mulls $6.8 billion funding plan to help Vanke repay debt, Bloomberg News reports
Chinese authorities are exploring a plan to help China Vanke plug a funding gap of about 50 billion yuan ($6.84 billion) this year, which will aid the property developer to repay its public and private debt,
China Vanke secures US$383 million lifeline from Shenzhen Metro Group to repay debt
Shenzhen Metro Group, which holds a 27.2 per cent stake, signed a three-year agreement with Vanke to provide secured loans of up to 2.8 billion yuan (US$383 million), according to a filing to the Hong Kong stock exchange late on Monday.
China Vanke Secures Cheap Loan From State-Owned Shareholder
The Shenzhen-based company said in a filing late Monday that it received the loan from Shenzhen Metro Group, which is a state-owned subway operator in one of the biggest cities in China. The loan was at interest rate of 2.34%, below China's one-year loan prime rate at 3.1%.
China considers plan to help Vanke repay $6.8 billion debt
The proposal involves regulators allocating 20 billion yuan in special local government bonds to buy unsold properties and vacant land from Vanke, the report on Wednesday said, citing people familiar with the matter.
Property developer China Vanke secures $383 million loan from Shenzhen Metro
China Vanke (OTCPK:CHVKF) has secured a 2.8 billion yuan ($383.12 million) loan from its major shareholder, state-owned Shenzhen Metro to repay debt, indicating further support from the government for the cash-strapped developer.
China Vanke gets US$383 million loan from state shareholder
Cash-strapped China Vanke said its major shareholder, state-owned Shenzhen Metro, is giving it a 2.8 billion yuan (US$383.12 ...
Vanke Gets $383 Million Loan From State Backer for Debt
China Vanke Co. won more support from authorities as its largest state shareholder agreed to provide up to 2.8 billion yuan ...
China’s property market still needs more support, Goldman Sachs says
Developer stocks surge by as much as 20 per cent after a report that authorities are preparing to cover China Vanke’s funding ...
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U.S. News & World Report3d
China Vanke Gets $383 Million Loan From State Shareholder
HONG KONG (Reuters) - Cash-strapped China Vanke said its major shareholder, state-owned Shenzhen Metro, is giving it a 2.8 billion yuan ($383.12 million) loan, in a sign the government is ...