Growth easy as ABC for Chinese ABS

By Tom Porter
15 May 2014

Agricultural Bank of China has completed its first securitization of assets into the interbank market, as the Chinese government continues to promote an expansion of the asset class.

The Rmb2.12175bn ($341m) 2014 ABC Credit Asset-backed Securities Phase I transaction was issued on April 18, ABC said in a statement on its website this week.

The bank said the three tranche deal had been “snapped up” by investors with an average subscription level of 1.5 times, adding ...

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