Chinese Firm Out With CLO Of Distressed Loans

Chinese government-owned China Cinda Asset Management is out with a CNY4.8 billion ($703 million) collateralized loan obligation backed by nonperforming leveraged loans.

  • 20 Jan 2009

--Aaron Johnson

Chinese government-owned China Cinda Asset Management is out with a CNY4.8 billion ($703 million) collateralized loan obligation backed by nonperforming leveraged loans. China Cinda was created by the Chinese government to buy bad assets from Chinese commercial financial institutions.

Xin Yuan Asset Restructuring Securitization 2008-1, a ...

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