Vanke may hike five-year term loan to $500m

Real estate company has $864mof debt set to mature in 2013

BEIJING - China Vanke Co, the nation's largest real estate developer, plans to increase a $300 million loan being organized by Bank of China Ltd by as much as $200 million, according to two people familiar with the matter.

The five-year term loan will pay about 285 basis points more than the London interbank offered rate, the people said, asking not to be identified as details are private.