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 13,295 25 18.56
2 Bank of America Merrill Lynch (BAML) 8,059 25 11.25
3 Lloyds Bank 6,979 21 9.74
4 Citi 6,256 16 8.73
5 JP Morgan 5,220 8 7.29

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 104,581.71 299 10.92%
2 Bank of America Merrill Lynch 86,347.40 249 9.02%
3 JPMorgan 80,990.39 237 8.46%
4 Wells Fargo Securities 77,934.65 225 8.14%
5 Credit Suisse 63,570.21 165 6.64%