China Vanke Bonds Fall by Most This Year as Property Woes Spread

(Bloomberg) — Developer China Vanke Co.’s dollar bonds plunged Thursday with some poised for their largest declines of 2023 as worries about the nation’s ailing property sector spread further.

Notes issued by the country’s second-largest builder slumped as much as 9 cents on the dollar before paring the declines to about 5 cents by 6 p.m. in Hong Kong, according to prices compiled by Bloomberg. Vanke didn’t immediately offer a comment when reached.