May 26 (Reuters) - Property developer China Vanke Co is seeking to extend four onshore bonds by one year, offering to repay 40% of principal upfront, sources told Reuters on Tuesday.
The bonds in question are two 2 billion yuan medium-term notes with 3.07% coupons each, due on June 15 and July 7, respectively.
A bondholder meeting is scheduled for June 5, with a voting deadline on June 9.
Two corporate bonds due or puttable in July are also subject to the same proposal, sources said.
The sources declined to be named as they were not authorised to speak to media.
Vanke did not immediately respond to a request for comment.
In January, Vanke won investor approval to extend three yuan bonds under similar terms.
(Reporting by Reuters staffEditing by Bernadette Baum)
