Postal Savings Bank to return China to RMBS

By Tom Porter
15 Jul 2014

Postal Savings Bank of China is preparing to sell the first mortgage-backed security in the country since 2007 this month, as its domestic securitization market takes another step towards rebirth after a false start in the years before the financial crisis.

Postal Savings Bank, which is the banking arm of the state-owned China Post Group, will sell Rmb6.8bn (€804.5m) of bonds backed by residential mortgages on July 22, it said in a statement on Tuesday.

The deal will be the first sale of Chinese RMBS since the Rmb4bn Jian ...

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