China Construction Bank Offers Up First NPL Deal

11 Feb 2008

China Construction Bank has closed a RMB 2.76 billion ($384 billion) securitization backed by non-performing loans, the first such deal to be offered by a Chinese lender

-- Daniel Flatt

China Construction Bank has closed a RMB 2.76 billion ($384 billion) securitization backed by non-performing loans, the first such deal to be offered by a Chinese lender.

The bank said it has sold RMB 2.15 billion ($300 million) senior tranche to the interbank market. The remaining ...

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