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.
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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