China Vanke Bondholders Greenlight One-Year Repayment Deferral for Yuan Debt

HONG KONG, Jan 21 (Reuters) - Bondholders of China Vanke agreed to defer receiving payment of 60% of the principal for a 1.1 billion yuan ($158 million) puttable bond by one year, a filing showed on Wednesday. Vanke surprised the market last week with a sweetened proposal to defer repayment for the bond by offering to pay 40% of principal, after some bondholders resoundingly rejected earlier plans. Prices of Vanke's onshore bonds have jumped since the company announced the new proposals. More than 90% investors holding the bond with a put date of January 22 supported the latest proposal, according to the filing, while 4.2% voted against it. (Reporting by Reuters staff; Editing by Himani Sarkar and Edwina Gibbs)