HSBC first foreign bank to print Chinese ABS

HSBC_HK_HQ_230px
By Tom Porter
14 Jan 2015

HSBC has completed the first issuance of asset-backed securities by a foreign bank in China, at a time when the government is trying to foster more issuance from domestic banks.

HSBC China sold the Rmb1.35bn (€184m) Huiyuan 2015-1 Corporate Loan Securitisation on Tuesday, with HSBC acting as financial adviser and CITIC Securities and Bank of Communications as lead underwriters.

The deal was a collaboration between HSBC and Bank of Communications, with the notes issued under the name BoCom ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial