CDB re-opens China’s ABS market with $1.6bn deal
China Development Bank will price Rmb10.2bn ($1.6bn) of domestic asset backed securities by the end of this week, becoming the first mainland lender to tap a recently revived securitisation programme for the country’s banks, reports Jun Ebias.
Three Chinese infrastructure companies have sold securitisations since mainland regulators re-opened the market last month, but China Development Bank will be the first financial institution to tap the market. However, bankers expect at least four more lenders to follow CDBs transaction by the end of the year.
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