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CHINA VANKE (02202.HK): News of Seeking to Alter Terms on 2 Bank Loans Incorrect
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Due to deteriorating financial conditions, CHINA VANKE (02202.HK) is seeking lender approval to amend certain terms of two offshore loans maturing at the end of 2026, Bloomberg, citing sources, reported. These two five-year loans amount to $10.5 billion and $5.2 billion respectively. It is understood that the terms CHINA VANKE aims to amend involve key ratios that measure potential credit pressure, and changing these terms will require approval from lenders holding two-thirds of the total loan value. However, CHINA VANKE stated in a written response to the report that the information is incorrect, and no repayment demands have been triggered. AAStocks Financial News |
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