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Vanke To Pay Bondholders On Thursday

CHINA

Headlines note that China Vanke will pay interest to holders of two bonds on Thursday.

  • That will provide some light reprieve for the embattled developer and sector on the whole,. Challenges still remain, with various rounds of support for the property market outlined in recent weeks/months.
  • The news potentially factors into the move to fresh session lows in USD/CNH, but that comes as the broader USD ticks away from session highs as Tsys lead an uptick in bonds.
  • Also note the move lower in USD/CNH has been gradual, with this news not seen as a gamechanger for the sector.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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