The real estate industry has once again ushered in a major upturn.

Vanke received a 20 billion yuan loan from a syndicated bank, the largest single real estate loan since 2020.

Affected by this, Vanke A fell more than 3% in the intraday period today, fluctuated higher in the afternoon, and picked up rapidly at the end of the session. Eventually, it closed up 1.7% to 9.56 yuan. The stock price remained stable at a high level of nearly 2 months.

The stock has risen nearly 46% since April 26. Currently, its maximum market value is 114.1 billion yuan, and it has returned to 100 billion yuan.

The rise in Vanke's stock price has also led to partial changes in real estate stocks. Chongqing Development has been on the 3rd straight line, urban construction development has risen by more than 8%, and Binjiang Group has risen by more than 3%.

In the bond market, Vanke Bonds collectively boosted. “220,000 Ke 07” once rose more than 8%, “210,000 Ke 04” once rose more than 6%, “210,000 Ke 02” once rose more than 4%, and “220,000 Ke 02” once rose more than 3%.

Received 20 billion dollars of support from syndicates

Today, Vanke has signed agreements with leading financial institutions such as China Merchants Bank to obtain 20 billion yuan syndicated loans, half replaced and half added. Up to now, it has received 10 billion yuan.

According to reports, the collateral for this loan is Wanwei Logistics shares owned by Vanke. According to the National Enterprise Credit Information Publicity System, Vanke sold about 27 billion yuan of shares in the development of its Vanke Logistics. The pledge holder is China Merchants Bank Shenzhen Branch, and the equity quality has been in effect since May 20.

This is the largest single real estate loan since 2020.

In response, Vanke said that the current 20 billion syndicated loan will help the company further enhance its liquidity, reflecting the strong support of financial institutions such as China Merchants Bank for the company. The company has always maintained a good cooperative and trusting relationship with financial institutions, and all kinds of financing cooperation are being actively promoted.

In the next step, the company will continue to act firmly, and has the confidence and ability to proactively and comprehensively complete the transformation of the financing model while properly handling maturing debts.

Analysts believe that the syndicated financing method requires joint approval from multiple banks due to the large amount of money, so the qualifications of borrowers are very high. In recent years, only leading domestic central enterprises have received large syndicated loans. This loan reflects the financial market's full recognition of Vanke's reputation.

Is there more financing yet to be implemented?

Recently, Vanke has been intensively publicizing the financing situation.

On May 13, Vanke A announced that it had applied for loans totaling 7.339 billion yuan from the Bank of China, the Agricultural Bank, and the Bank of Beijing;

On May 20, Vanke received another 1.2 billion yuan loan from the Bank of China;

On May 16, Vanke also successfully issued a CMBS (Commercial Real Estate Mortgage Backed Securities) worth 1,435 billion yuan on the Shenzhen Stock Exchange, further reducing overall financing costs.

On May 17, there was market news that Vanke had reached a preliminary agreement with the bank on collateral for syndicated loans.It is estimated that the loan withdrawal amount will not exceed 50 billion yuan.

Analysts believe that after the 20 billion dollar loan is implemented, it is expected that Vanke will continue to implement syndicated loans one after another.

Furthermore, in order to save oneself,Vanke is also actively slimming down and helping itself by selling the plot originally planned to build Vanke's headquarters.

Recently, the Shenzhen Public Resources Exchange Center launched a piece of land transfer information to publicly transfer the right to use the T208-0053 parcel located at the Shenzhen Bay Super Headquarters through listing. The starting price was 2,235 billion yuan.

The parcel was purchased by Vanke in December 2017 at a reserve price of 3.137 billion yuan. The land area is 192,000 square meters, and the nature of the land is commercial office, etc.