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) 21.85
2 China Merchants Securities Co 14.67
3 Industrial and Commercial Bank of China (ICBC) 14.44
4 Agricultural Bank of China (ABC) 8.89
5 China Securities 7.41

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1 CITIC Securities 9,346.38 46 7.96%
2 Goldman Sachs 8,791.68 35 7.49%
3 Morgan Stanley 6,937.95 46 5.91%
4 China International Capital Corp Ltd 6,923.83 42 5.90%
5 UBS 6,281.96 46 5.35%

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1 HSBC 20,282.12 177 8.30%
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3 JPMorgan 12,957.39 88 5.31%
4 Standard Chartered Bank 10,012.82 100 4.10%
5 Bank of China 9,332.67 116 3.82%

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