Market Chatter: Vanke Obtains 20 Billion Yuan Through Syndicated Lending Facility

MT Newswires Live05-24

China Vanke (SHE:000002, HKG:2202) borrowed 20 billion yuan through a syndicated loan facility, Yicai Global reported Thursday.

The loan is the largest for a Chinese real estate firm since 2020, the report said.

Among the banks that offered the loan to Vanke include China Merchants Bank (HKG:3968, SHA:600036), Yicai said.

Vanke will use the funds to boost liquidity. The distressed lender has already received half of the loan amount, according to Yicai.

(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.)

Price (HKD): $8.99, Change: $-0.57, Percent Change: -5.96%

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