China securitisation business comes back to life as infrastructure companies close trio of deals

Three Chinese infrastructure companies turned to the securitisation market for funding this week, selling the first batch of deals after the government’s decision to reopen the market following three years of silence, writes Jun Ebias.

  • 09 Aug 2012

Nanjing Public Holdings, Ningbo Urban Construction Investment Holding and Shanghai Pudong Road and Bridge Construction raised a combined Rmb2.5bn ($393m), using the newly-opened asset-backed securitisation market to finance their future projects.

The companies sold deals ranging in maturity from one year to five years, and appeared to be collateralising ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 15,256 32 16.83
2 Bank of America Merrill Lynch (BAML) 10,179 30 11.23
3 Citi 9,751 23 10.76
4 Lloyds Bank 7,329 24 8.09
5 JP Morgan 6,580 10 7.26

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1 Deutsche Bank 348.35 2 14.57%
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2 Citi 297.67 1 12.45%
4 RBC Capital Markets 251.51 1 10.52%
4 MUFG 251.51 1 10.52%