TMTPOST – China Vanke Co., a key indicator of the country’s property market health, is grappling with a sharp bond selloff as concerns grow over its substantial debt obligations and the ongoing property sector crisis, despite government measures to stabilize the industry. Vanke’s 3.15% dollar note due in 2025 has dropped 18.5 cents this week to 57.7 cents, marking its steepest weekly decline since issuance, Bloomberg data shows. Additionally, trading on five of the company's yuan bonds was halted on Thursday after their prices plummeted by 20%. In response to the selloff, Vanke informed some investors on Wednesday that it has no plans to extend its bonds, according to a report by financial news outlet REDD. The clarification followed online speculation about potential bond extensions. Despite the assurances, Vanke did not confirm whether it has allocated funds for debt maturities due this quarter, REDD reported. Instead, the company emphasized its reliance on operating cash flow and asset sales, noting that proceeds from several transactions signed last year are now materializing. These funds, Vanke said, will be used to support its debt repayment obligations. The steep bond declines highlight investor unease surrounding China Vanke’s financial position and the broader challenges facing the Chinese property sector, as efforts to restore market confidence remain a work in progress.