TMTPOST -- China Vanke Co., a major real estate developer, saw its bonds rebound from record lows as reports emerged that the company had assured some creditors of sufficient funds to repay a local bond due this month. According to sources familiar with the matter, Vanke informed certain creditors before last Friday’s market volatility that it had set aside enough cash to cover a 3 billion yuan ($409 million) bond maturing on January 27. This development helped alleviate some concerns after turbulence in the company’s bonds and shares. Despite this, uncertainty lingered over the status of Vanke’s top executive. Earlier, local media outlet The Economic Observer reported that CEO Zhu Jiusheng had been detained by police, though the article was later removed from its website. Zhu subsequently addressed the speculation, responding to a call from Cailian Press and promoting Vanke’s rental apartment business in a WeChat post. The company’s Hong Kong-listed bonds and shares reacted to the evolving news. Vanke’s May dollar note surged 6.6 cents to 66.5 cents, and its 2027 securities gained about 4 cents after hitting record lows earlier in the day. Meanwhile, trading of three local bonds was halted after prices soared approximately 20%. However, the company’s shares closed 4.5% lower, recovering some ground after a sharp 9% intraday drop to their lowest point since September.