300 billion yuan! Vanke receives continuous institutional support

Author | Cao Anxun

Editor | Zhou Zhiyu

Less than two months after announcing the advancement of the financing model transformation, Vanke's financing has made significant progress.

On May 23, Wall Street News learned that Vanke obtained a 20 billion syndicated loan led by China Merchants Bank, with Vanke's subsidiary Vanke Logistics equity as collateral. As of now, 100 billion yuan of the related loan has been received.

Industry insiders pointed out that this is the largest single loan in the real estate industry since 2020, and also the largest syndicated loan provided by financial institutions to real estate enterprises since the deep adjustment of the industry.

"The syndicated financing method requires high qualifications for borrowers due to the large amount and the need for multiple banks to jointly approve. In the past few years, only top central enterprises in China have obtained large syndicated loans. This loan reflects the full recognition of Vanke's reputation in the financial market," the above-mentioned person said.

Vanke stated that the 20 billion syndicated loan will help the company further enhance its liquidity. Vanke has always maintained good cooperation and trust relationships with financial institutions, and various financing collaborations are actively progressing. Next, Vanke will continue to take firm actions, actively and comprehensively complete the transformation of the financing model while properly handling maturing debts.

It is worth mentioning that with this syndicated loan, in the past ten days (May 13th to May 23rd), Vanke has accumulated financing of 30 billion yuan, involving loans from China Merchants Bank, Bank of China, Agricultural Bank of China, Beijing Bank, and a 1.435 billion yuan CMBS, all with mortgage guarantees.

With continuous institutional support, Vanke's efforts, in addition to benefiting from the ongoing policy warming, have shown financial institutions Vanke's determination not to be passive.

The announcement shows that in April, Vanke achieved contracted sales area of 1.643 million square meters, with contracted sales amounting to 20.89 billion yuan; from January to April, Vanke accumulated contracted sales area of 5.554 million square meters, with contracted sales amounting to 78.87 billion yuan, ranking among the top 3 in the industry.

Moreover, in the past three months, Vanke has achieved breakthroughs in multiple REITs tracks, with China International Capital Corporation Consumer REIT and Vanke Logistics REIT already listed on the exchange, and with the upcoming application for the rental housing BoYu REIT, Vanke is expected to become the only real estate enterprise to achieve breakthroughs in three operational REITs.

Industry insiders believe that the current real estate policies have shown significant positive signs. As a representative real estate enterprise highly concerned by the market, Vanke's major financing progress is expected to accelerate the landing of other financing for Vanke.

As an early beneficiary of recent real estate financial policies, Vanke's intensive support from financial institutions also indicates that the real estate financing environment and channels are accelerating improvement and enrichment.

Thus, with the recent favorable policies and their own efforts, Vanke's stocks and bonds have shown strong momentum. Vanke A's market value has returned to over a hundred billion, and Vanke's corporate stock price hit a new high for the year on May 22, rising by 90% in the past month.

Ping An Securities pointed out that Vanke continues to receive support from financial institutions, with the comprehensive cost of new financing in the first quarter domestically at 3.33%. At the same time, actively embracing operational property loans and other financing tools, fully integrating into the urban real estate financing coordination mechanism, and promoting the transformation of the financing model With continuous policy support, the real estate fundamentals are expected to gradually improve, and Vanke's sales operations are expected to improve.

After experiencing the previous cycle adjustment storm and the "short-selling storm", Vanke is now exploring a new development model in the pioneering road of real estate companies. The "slimming and strengthening" plan is accelerating to bear fruit, and Vanke is gradually recovering.

In the future, with the effects of epic new policies becoming apparent and the acceleration of financing model transformation, Vanke is expected to hoist the new flag of hope for the industry, guiding more high-quality real estate companies through the painful period of cycle transition, and sharing the new trillion-dollar real estate world