<div id="readability-page-1">Dec 15 (Reuters) - China Vanke will convene a second bondholder meeting on Thursday to vote on a plan to extend repayment of an onshore bond maturing on December 15, a filing showed, after the developer failed last week to win the nod for a one-year extension. The vote on the 2 billion yuan note will close on December 22 at 0200 GMT, the filing to the National Association of Financial Market Institutional Investors showed. The filing was made by the Shanghai Pudong Development Bank, the organiser of the meeting. Its filing over the weekend showed bondholders rejected Vanke's earlier plan to push back payment by a year, raising the risk of default for the developer and renewing concerns about China's crisis-hit property sector. The three-day vote ended late on Friday, leaving the company with a five-business-day grace period to repay the 2 billion yuan ($283.49 million). Interest during the grace period will be calculated on the outstanding principal and unpaid interest, using the note's coupon rate plus an additional 5 basis points, Vanke said in a separate filing. The setback for state-backed Vanke, one of China's highest-profile developers with projects in major cities, comes after some of the country's best-known developers have defaulted in recent years. Separately, the developer is also seeking to extend by one year the repayment of a yuan bond worth 3.7 billion yuan due on December 28, with a bondholder meeting also scheduled for December 22. ($1 = 7.0548 Chinese yuan) (Reporting by Shivangi Lahiri in Bengaluru; Editing by Sherry Jacob-Phillips and Muralikumar Anantharaman)</div>

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China Vanke will hold a second bondholder meeting to vote on extending repayment of a 2 billion yuan bond maturing on December 15, after a previous extension plan was rejected. The vote will close on December 22. The rejection raises default risks and concerns about China's property sector. Vanke also seeks to extend a 3.7 billion yuan bond due on December 28, with a meeting scheduled for December 22.

China Vanke to hold second bondholder meeting after debt-extension plan rejected