China adds five banks to NPL ABS pilot scheme

Beijing this week picked five commercial banks as the second batch of a pilot programme that allows the issuance of asset-backed securities using their non-performing loans (NPLs).

  • By Addison Gong
  • 20 Apr 2017
When the pilot programme was first reinstated in February last year, Agricultural Bank of China, Bank of China, Bank of Communications, China Construction Bank, China Merchants Bank and Industrial and Commercial Bank of China were named the first issuers. ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 28.15
2 CITIC Securities 21.52
3 China CITIC Bank Corp 9.93
4 China Merchants Bank Co 9.38
5 Industrial and Commercial Bank of China (ICBC) 7.73

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1 CITIC Securities 13,827.70 78 5.93%
2 UBS 13,644.76 81 5.85%
3 Goldman Sachs 10,607.81 53 4.55%
4 Morgan Stanley 9,964.98 53 4.28%
5 China Securities Co Ltd 9,861.82 46 4.23%

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4 Bank of America Merrill Lynch 19,805.99 103 5.14%
5 Standard Chartered Bank 16,034.80 121 4.16%

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