China Vanke bondholders approve grace period extension for yuan note due December 28
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China Vanke's bondholders approved a proposal by the state-backed developer to extend the grace period for a 3.7 billion yuan ($526 million) bond repayment, but rejected delaying the repayment by a year, a filing showed on Friday.The decision, conveyed in a filing by the bond's underwriter, followed a similar move recently by holders of another Vanke note. The 3.7 billion yuan bond will mature on December 28 and its grace period will now be 30 trading days instead of five.
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